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. Possession Utility






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






3. Time Utility - Place Utility - Quantity Utility






4. Form Utility






5. Anything that touches the customer






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






7. Enterprise Resource Planning






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






9. Organizations require collaboration or cooperation.






10. 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.






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






12. Free On Board






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






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






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






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






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






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






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






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






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






22. 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






23. Fast - high rate






24. 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






25. Electrical Machinery - Power Generation Equipment






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






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. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences






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






30. Marketing - Manufacturing/operations - Finance - Accounting






31. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






32. The ________ is associated with downstream activities.






33. 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






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






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






36. Sales and Order Processing






37. Materials Requirement Planning






38. Cost and Freight






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






40. Distribution Requirement Planning






41. 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






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






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






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

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45. Producer to Store - servicing the customer






46. Procurement and Manufacturing - value adding activities






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






48. Product/Service - Information - Finance






49. Business Logistics - Military Logistics - Event Logistics - Service Logistics






50. Electrical Machinery - Power Generation Equipment.