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. Cost and Freight






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






3. Free On Board






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






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






6. Electrical Machinery - Power Generation Equipment






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






8. Time - Dependability - Communications - Convenience






9. Strategic Alliance






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






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






12. Item Fill Rate - Line Fill Rate






13. Enlightened - Educated - easy access to Internet






14. Management of materials in motion and at rest.






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






16. Producer to Store - servicing the customer






17. Influences product availability






18. Materials Requirement Planning






19. Customers trade partnership against terrorism






20. CFE - MSE - MAD - MAPE






21. Form - Time - Place - Quantity - Possession






22. Fast - high rate






23. Procurement and Manufacturing - value adding activities






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






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






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






27. Reliability - Responsiveness - Flexibility - Cost - Assets






28. 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






29. Organizations require collaboration or cooperation.






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






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. Time - Quality - Cost - Supporting Metrics






33. Order Fill Rate - Perfect Order






34. Free Alongside Ship






35. 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






36. The ________ is associated with downstream activities.






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






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






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






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






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






42. Electrical Machinery - Power Generation Equipment.






43. Processes for developing and implementing successful relationship






44. Product/Service - Information - Finance






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






46. Collaborative Planning - Forecasting - and Replenishment






47. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






49. Measures cost and performance of activities.






50. 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.