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






2. Form - Time - Place - Quantity - Possession






3. Anything that touches the customer






4. Cost and Freight






5. Sales and Order Processing






6. 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).






7. Getting the Right Things to the Right Place at the Right Time at the lowest cost.






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






9. Transportation Management System






10. 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






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






12. Both parties in a vendor relational are said to be at "arm's" length.






13. Management of materials in motion and at rest.






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






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






16. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.






17. Critical part of global supply chains






18. Delivered Duty Paid






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






20. Free On Board






21. Deregulation: Transportation - Communications - and Financial Institutions






22. Time - Dependability - Communications - Convenience






23. Adding value to products by making them available when they're needed.






24. ISs lead to the collection and storage of vast amounts of data and help lead to better decision making - but many companies are not taking advantage of it.






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






26. Item Fill Rate - Line Fill Rate






27. Fast - high rate






28. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






29. Electrical Machinery - Power Generation Equipment.






30. Challenge is to evaluate and successfully implement the technology






31. Possession Utility






32. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)






33. Export goods and services to overseas buyers and handles most of the export arrangements.






34. Procurement and Manufacturing - value adding activities






35. Customers trade partnership against terrorism






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






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






38. 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.






39. Right product - right time - right quantity - right quality - right cost - right destination






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






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






42. Materials Requirement Planning






43. 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






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






45. Supplies expertise to international shippers. Consolidate small shipments. Derives income from fees for service.






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






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






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






49. 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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50. 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