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. Reliability - Responsiveness - Flexibility - Cost - Assets






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


3. The ________ is associated with downstream activities.






4. 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






5. Relevant - Accurate - Accessible - Timely - Transferable






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






7. Management of materials in motion and at rest.






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






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






10. Deregulation: Transportation - Communications - and Financial Institutions






11. Producer to Store - servicing the customer






12. Vendor


13. Product/Service - Information - Finance






14. 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).






15. Influences product availability






16. Order Fill Rate - Perfect Order






17. Procurement and Manufacturing - value adding activities






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






19. Electrical Machinery - Power Generation Equipment.






20. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






21. Business agreements between firms that have "parallel" or cooperating positions in the logistics process.






22. Marketing - Manufacturing/operations - Finance - Accounting






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






24. Measures cost and performance of activities.






25. Segment Customer Base - Identify the product service package - Develop and execute the best procedures - measure performance continuously






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






27. 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.


28. Time Utility - Place Utility - Quantity Utility






29. Enterprise Resource Planning






30. Item Fill Rate - Line Fill Rate






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






32. Strategic Alliance






33. Cost and Freight






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






35. Free On Board






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






37. 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






38. Delivered Duty Paid






39. Free Alongside Ship






40. Critical part of global supply chains






41. Electrical Machinery - Power Generation Equipment






42. Procurement and Manufacturing - value adding activities






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






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






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






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






47. Time - Dependability - Communications - Convenience






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






49. Anything that touches the customer






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