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


2. Influencing the order - order execution






3. Enlightened - Educated - easy access to Internet






4. Transportation Management System






5. Delivered Duty Paid






6. Form - Time - Place - Quantity - Possession






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






8. Measures cost and performance of activities.






9. 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






10. Procurement and Manufacturing - value adding activities






11. Relevant - Accurate - Accessible - Timely - Transferable






12. Fast - high rate






13. Form Utility






14. Management of materials in motion and at rest.






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






16. Challenge is to evaluate and successfully implement the technology






17. 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






18. Item Fill Rate - Line Fill Rate






19. Collaborative Planning - Forecasting - and Replenishment






20. Strategic Alliance






21. Possession Utility






22. Free Alongside Ship






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






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






25. Act as agents for domestic firms in the international arena.






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






27. Electrical Machinery - Power Generation Equipment






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






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






31. Distribution Requirement Planning






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






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






34. Sales and Order Processing






35. Warehouse Management System






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






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






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






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






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






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






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






43. Deregulation: Transportation - Communications - and Financial Institutions






44. 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






45. 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.


46. Partner






47. Anything that touches the customer






48. Procurement and Manufacturing - value adding activities






49. Time - Dependability - Communications - Convenience






50. Free On Board