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. Time - Quality - Cost - Supporting Metrics






2. 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.


3. 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






4. CFE - MSE - MAD - MAPE






5. Product/Service - Information - Finance






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






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






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






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






10. Processes for developing and implementing successful relationship






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






12. Plays large part in intermodal shipments.






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






14. Strategic Alliance






15. Management of materials in motion and at rest.






16. Form - Time - Place - Quantity - Possession






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


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






19. Free On Board






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






21. Reliability - Responsiveness - Flexibility - Cost - Assets






22. Measures cost and performance of activities.






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






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. Relevant - Accurate - Accessible - Timely - Transferable






26. Free Alongside Ship






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






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






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






30. 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.






31. 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






32. Item Fill Rate - Line Fill Rate






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






34. Materials Requirement Planning






35. Enlightened - Educated - easy access to Internet






36. Organizations require collaboration or cooperation.






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






38. Canada - China - Mexico






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






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






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






42. 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






43. 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).






44. Deregulation: Transportation - Communications - and Financial Institutions






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






46. Form Utility






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






48. 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.






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






50. Vendor