Test your basic knowledge |

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. Form - Time - Place - Quantity - Possession






2. Time Utility - Place Utility - Quantity Utility






3. Influences product availability






4. Act as agents for domestic firms in the international arena.






5. Item Fill Rate - Line Fill Rate






6. Enlightened - Educated - easy access to Internet






7. Focuses on the outbound side of of a firm's logistics system.






8. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle






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






10. Vendor

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11. Anything that touches the customer






12. Plays large part in intermodal shipments.






13. Value added to goods through a manufacturing or assembly process.






14. Measures cost and performance of activities.






15. Partner






16. Right: information - partner - quantity - format - time - place - cost

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17. How firms in this industry create value for their commercial clients






18. Cost and Freight






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






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






21. Form Utility






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






23. Deregulation: Transportation - Communications - and Financial Institutions






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






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






27. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])






28. Product/Service - Information - Finance






29. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security






30. Transportation Management System






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






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






33. Collaborative Planning - Forecasting - and Replenishment






34. Time - Quality - Cost - Supporting Metrics






35. The management of the movement of materials and information within - into - and out of the firm






36. Processes for developing and implementing successful relationship






37. Management of materials in motion and at rest.






38. Procurement and Manufacturing - value adding activities






39. Fast - high rate






40. 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).






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






42. Free Alongside Ship






43. Concern and potential challenge since 9/11. Must be prepared for terrorist attack.






44. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences






45. Customers trade partnership against terrorism






46. Possession Utility






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






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






49. Strategic Alliance






50. Return on Assets.