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. 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






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






3. Delivered Duty Paid






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






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






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






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






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






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






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






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






12. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






14. Possession Utility






15. Relevant - Accurate - Accessible - Timely - Transferable






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






17. Management of materials in motion and at rest.






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






19. Both parties in a vendor relational are said to be at "arm's" length.






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






21. Form Utility






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






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






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

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25. Influencing the order - order execution






26. The process of planning - implementing - and controlling the efficient - effective flow and storage of goods - services - and related information from the point of origin to the point of consumption for the purpose of conforming to customer requ






27. Measures cost and performance of activities.






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






29. Marketing - Manufacturing/operations - Finance - Accounting






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






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






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






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






34. 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






35. 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.






36. Return on Assets.






37. Electrical Machinery - Power Generation Equipment






38. Canada - China - Mexico






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






40. 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).






41. Enterprise Resource Planning






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






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






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






45. Fast - high rate






46. Cost - Insurance - and Freight






47. Customers trade partnership against terrorism






48. Order Fill Rate - Perfect Order






49. 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






50. The ________ is associated with downstream activities.