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. Producer to Store - servicing the customer






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






3. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation






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






5. 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.

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6. Adding value to products by making them available when they're needed.






7. Plays large part in intermodal shipments.






8. Critical part of global supply chains






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






10. Anything that touches the customer






11. Influencing the order - order execution






12. Possession Utility






13. Procurement and Manufacturing - value adding activities






14. Return on Assets.






15. 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.






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






17. Collaborative Planning - Forecasting - and Replenishment






18. Enlightened - Educated - easy access to Internet






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






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






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






22. 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






23. Strategic Alliance






24. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)






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






26. Reliability - Responsiveness - Flexibility - Cost - Assets






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






28. Time - Dependability - Communications - Convenience






29. Processes for developing and implementing successful relationship






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






31. 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.






32. Item Fill Rate - Line Fill Rate






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






34. 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






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






36. Procurement and Manufacturing - value adding activities






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. Influences product availability






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






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

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






42. Materials Requirement Planning






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






44. Management of materials in motion and at rest.






45. Electrical Machinery - Power Generation Equipment






46. Warehouse Management System






47. Customers trade partnership against terrorism






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






49. Sales and Order Processing






50. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility