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. Materials Requirement Planning






2. Free On Board






3. Collaborative Planning - Forecasting - and Replenishment






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






5. Time Utility - Place Utility - Quantity Utility






6. 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






7. Anything that touches the customer






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






9. Return on Assets.






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






11. Sales and Order Processing






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






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






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






15. 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






16. Reliability - Responsiveness - Flexibility - Cost - Assets






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






18. Producer to Store - servicing the customer






19. Fast - high rate






20. Strategic Alliance






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






22. Form Utility






23. Challenge is to evaluate and successfully implement the technology






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






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






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






27. Time - Dependability - Communications - Convenience






28. Delivered Duty Paid






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






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






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






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






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






34. Critical part of global supply chains






35. Vendor

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






37. 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.






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






39. Enterprise Resource Planning






40. Cost and Freight






41. Form - Time - Place - Quantity - Possession






42. Electrical Machinery - Power Generation Equipment.






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

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






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






46. Organizations require collaboration or cooperation.






47. Plays large part in intermodal shipments.






48. The ________ is associated with downstream activities.






49. Transportation Management System






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