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






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

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






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






5. Return on Assets.






6. Enlightened - Educated - easy access to Internet






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






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






9. Distribution Requirement Planning






10. 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






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






12. Critical part of global supply chains






13. Influencing the order - order execution






14. Product/Service - Information - Finance






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






16. 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.






17. Time - Quality - Cost - Supporting Metrics






18. Delivered Duty Paid






19. Deregulation: Transportation - Communications - and Financial Institutions






20. Procurement and Manufacturing - value adding activities






21. Possession Utility






22. Sales and Order Processing






23. Marketing - Manufacturing/operations - Finance - Accounting






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






25. Electrical Machinery - Power Generation Equipment.






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






27. Organizations require collaboration or cooperation.






28. Challenge is to evaluate and successfully implement the technology






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






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






31. Canada - China - Mexico






32. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






33. Free On Board






34. Business Logistics - Military Logistics - Event Logistics - Service Logistics






35. Influences product availability






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






37. 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






38. 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).






39. 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






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






41. 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.






42. Reliability - Responsiveness - Flexibility - Cost - Assets






43. 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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44. Act as agents for domestic firms in the international arena.






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






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






47. Materials Requirement Planning






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






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






50. Procurement and Manufacturing - value adding activities