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. Form - Time - Place - Quantity - Possession






2. Form Utility






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






4. Marketing - Manufacturing/operations - Finance - Accounting






5. Measures cost and performance of activities.






6. CFE - MSE - MAD - MAPE






7. Time - Quality - Cost - Supporting Metrics






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






9. Critical part of global supply chains






10. Canada - China - Mexico






11. 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.






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






13. The ________ is associated with downstream activities.






14. Partner






15. Return on Assets.






16. Time Utility - Place Utility - Quantity Utility






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






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






19. Reliability - Responsiveness - Flexibility - Cost - Assets






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






21. Influencing the order - order execution






22. Relevant - Accurate - Accessible - Timely - Transferable






23. 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






24. Producer to Store - servicing the customer






25. Product/Service - Information - Finance






26. Fast - high rate






27. 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






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






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






30. 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






31. Anything that touches the customer






32. Organizations require collaboration or cooperation.






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






34. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])






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






36. 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






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






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






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






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






41. Free On Board






42. 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.






43. Cost and Freight






44. Warehouse Management System






45. Time - Dependability - Communications - Convenience






46. Distribution Requirement Planning






47. Free Alongside Ship






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






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






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