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






2. Enlightened - Educated - easy access to Internet






3. Customers trade partnership against terrorism






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






5. Reliability - Responsiveness - Flexibility - Cost - Assets






6. Delivered Duty Paid






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






8. Time - Quality - Cost - Supporting Metrics






9. Plays large part in intermodal shipments.






10. Electrical Machinery - Power Generation Equipment.






11. Canada - China - Mexico






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






13. Form Utility






14. Form - Time - Place - Quantity - Possession






15. Order Fill Rate - Perfect Order






16. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.






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






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






19. Sales and Order Processing






20. 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.






21. Cost and Freight






22. Supplies expertise to international shippers. Consolidate small shipments. Derives income from fees for service.






23. 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.






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






25. Free Alongside Ship






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






27. Challenge is to evaluate and successfully implement the technology






28. 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).






29. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






30. Time Utility - Place Utility - Quantity Utility






31. 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






32. Processes for developing and implementing successful relationship






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






34. Organizations require collaboration or cooperation.






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






36. Product/Service - Information - Finance






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






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






39. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences






40. Procurement and Manufacturing - value adding activities






41. 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






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






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






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






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






46. 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






47. Influences product availability






48. Critical part of global supply chains






49. Providing time and place utility/value of materials and products in support of Functional management organization objectives.






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