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. Marketing - Manufacturing/operations - Finance - Accounting






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






3. CFE - MSE - MAD - MAPE






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






5. The ________ is associated with downstream activities.






6. Partner






7. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico






8. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






10. 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.






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






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






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






14. Customers trade partnership against terrorism






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






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






17. Warehouse Management System






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






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






20. 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






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






22. Anything that touches the customer






23. Deregulation: Transportation - Communications - and Financial Institutions






24. Procurement and Manufacturing - value adding activities






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






26. Challenge is to evaluate and successfully implement the technology






27. Business Logistics - Military Logistics - Event Logistics - Service Logistics






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






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






30. Distribution Requirement Planning






31. Free Alongside Ship






32. Influences product availability






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






34. Delivered Duty Paid






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






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






37. Item Fill Rate - Line Fill Rate






38. Form - Time - Place - Quantity - Possession






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






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






41. Form Utility






42. Relevant - Accurate - Accessible - Timely - Transferable






43. Plays large part in intermodal shipments.






44. The design and integration of all aspects of support for the operational capability of the military forces and their equipment to ensure readiness - reliability and efficiency.






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






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






47. Procurement and Manufacturing - value adding activities






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






49. Canada - China - Mexico






50. Transportation Management System