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. Anything that touches the customer






2. Organizations require collaboration or cooperation.






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






4. 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.






5. 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






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






7. Transportation Management System






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






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






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


11. 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






12. Deregulation: Transportation - Communications - and Financial Institutions






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






14. Influencing the order - order execution






15. Distribution Requirement Planning






16. Time Utility - Place Utility - Quantity Utility






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






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






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






20. Challenge is to evaluate and successfully implement the technology






21. Relevant - Accurate - Accessible - Timely - Transferable






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






23. 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






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






25. Fast - high rate






26. Cost and Freight






27. Delivered Duty Paid






28. Product/Service - Information - Finance






29. Order Fill Rate - Perfect Order






30. 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.


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






32. Assembles and manages the resources - capabilities - and technology of its own organization with those of complementary service providers to deliver a comprehensive supply chain solution.






33. Enlightened - Educated - easy access to Internet






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






35. Procurement and Manufacturing - value adding activities






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






37. The branch of military science having to do with procuring - maintaining - utility/value and transporting material - personnel - and facilities






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






39. Partner






40. Measures cost and performance of activities.






41. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






42. Critical part of global supply chains






43. Cost - Insurance - and Freight






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






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






46. Form Utility






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






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






49. The ________ is associated with downstream activities.






50. Producer to Store - servicing the customer