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Business Logistics Management

Subject : business-skills
Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Current 1. WMS 2. Web-enabled communication 3. Visibility tools 4. TMS - Future 1. RFID 2. Collaboration tools 3. Supply chain planning and visibility tools






2. Primarily created through the basic marketing activities related to the promotion of products and services -






3. Relevant - Accurate - Accessible - Timely - Transferable






4. Possession Utility






5. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.






6. Measures cost and performance of activities.






7. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service






8. Business Logistics - Military Logistics - Event Logistics - Service Logistics






9. Return on Assets.






10. Assembles and manages the resources - capabilities - and technology of its own organization with those of complementary service providers to deliver a comprehensive supply chain solution.






11. The process of planning - implementing - and controlling the efficient - effective flow and storage of goods - services - and related information from the point of origin to the point of consumption for the purpose of conforming to customer requ






12. The branch of military science having to do with procuring - maintaining - utility/value and transporting material - personnel - and facilities






13. Time - Dependability - Communications - Convenience






14. Strategically positioning customers to improve the profitability of the organization and enhance its relationship with its customer base






15. Warehouse Management System






16. Transportation - Warehousing and storage - Industrial packaging - Materials handling - Inventory control - Order fulfillment - Demand forecasting - Production planning/scheduling - Procurement - Customer service - Facility location - Return goods han






17. Increased complexity for organizations (from SKUs to trade regulations) is a problem. Organizations should simplify.






18. The ________ is associated with downstream activities.






19. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms






20. Cost - Insurance - and Freight






21. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






22. Distribution Requirement Planning






23. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility






24. Network of activities - facilities and personnel required to organize - schedule and deploy the resources for an even to take place and to effectively withdraw after the even (ex: Superbowl).






25. Represents an alternative that may imply even greater involvement than the partnership or strategic alliance






26. An external supplier that performs all or part of a company's logistics functions.






27. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.






28. Getting the right product - to the right customer - in the right quantity - in the right condition - at the right place - at the right time - and at the right cost.

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29. Value added by delivering the proper amount of a good.






30. The design and integration of all aspects of support for the operational capability of the military forces and their equipment to ensure readiness - reliability and efficiency.






31. Transportation Management System






32. Refer to the traditional linkages between firms in the supply chain such as retailers - distributors - manufacturers - and parts and materials suppliers






33. Providing time and place utility/value of materials and products in support of Functional management organization objectives.






34. CFE - MSE - MAD - MAPE






35. Management of Product/Service - Information - and Cash Flows.






36. Collaborative Planning - Forecasting - and Replenishment






37. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.






38. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation






39. Adding value to products by having them where people want them.






40. Real and recognized benefits to all members - Dynamic creation - measurement - and evolution of collaborative partnerships - Co-buyer and co-seller relationships - Flexibility and security - Collaboration across all stages of business process integ






41. That part of the supply chain process that plans - implements - and controls the efficient - effective flow and storage of goods - services - and related information from point of origin to point of consumption in order to meet customer requirem






42. The time that elapses from when a buyer places an order until receipt of the order






43. Order Fill Rate - Perfect Order






44. Time - Quality - Cost - Supporting Metrics






45. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico






46. Materials Requirement Planning






47. Analyze and evaluate on organizations efficiency over a time period.






48. Management of materials in motion and at rest.






49. Growth to a global or worldwide scale. Important Issues in a SC: More volatile supply and demand - shorter product lifetimes - blurring of organizational boundaries.






50. Reliability - Responsiveness - Flexibility - Cost - Assets







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