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






2. Influences product availability






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






4. Enlightened - Educated - easy access to Internet






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






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






7. Canada - China - Mexico






8. Free Alongside Ship






9. Product/Service - Information - Finance






10. Free On Board






11. Fast - high rate






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






13. 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






14. Collaborative Planning - Forecasting - and Replenishment






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






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






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






18. Measures cost and performance of activities.






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






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






21. Possession Utility






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






23. Marketing - Manufacturing/operations - Finance - Accounting






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






25. Item Fill Rate - Line Fill Rate






26. 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).






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






28. Vendor

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29. 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.






30. Form Utility






31. Processes for developing and implementing successful relationship






32. Anything that touches the customer






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






34. The ________ is associated with downstream activities.






35. Procurement and Manufacturing - value adding activities






36. Sales and Order Processing






37. Reliability - Responsiveness - Flexibility - Cost - Assets






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






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






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






41. Organizations require collaboration or cooperation.






42. Business Logistics - Military Logistics - Event Logistics - Service Logistics






43. Strategic Alliance






44. Enterprise Resource Planning






45. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service






46. Critical part of global supply chains






47. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






48. Producer to Store - servicing the customer






49. Warehouse Management System






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