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






2. Item Fill Rate - Line Fill Rate






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






4. Order Fill Rate - Perfect Order






5. Electrical Machinery - Power Generation Equipment.






6. Plays large part in intermodal shipments.






7. Canada - China - Mexico






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






9. The art and science of management - engineering - and technical activities concerned with requirements - design - and supplying and maintaining resources to support objectives - plans - and operations.






10. Cost and Freight






11. Processes for developing and implementing successful relationship






12. 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






13. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






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






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






17. 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






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






19. The ________ is associated with downstream activities.






20. The dual flow of Product/Services - Information - and Finances across the suppliers - distributors - manufacturers - wholesalers - and customers.






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






22. Marketing - Manufacturing/operations - Finance - Accounting






23. Collaborative Planning - Forecasting - and Replenishment






24. 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






25. Management of materials in motion and at rest.






26. Form - Time - Place - Quantity - Possession






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






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






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






31. The network facilities and supporting transportation is important. It must be capable and able to respond to change in the marketplace.






32. Business Logistics - Military Logistics - Event Logistics - Service Logistics






33. The most pervasive and important global shipment method. Low rates - wide variety of products






34. Warehouse Management System






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






36. Product/Service - Information - Finance






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






38. Free Alongside Ship






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






40. Enlightened - Educated - easy access to Internet






41. 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.






42. Measures cost and performance of activities.






43. Customers trade partnership against terrorism






44. 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.






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






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






47. Free On Board






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

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






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