Test your basic knowledge |

Business Logistics Management

Subject : business-skills
  • Answer 50 questions in 15 minutes.
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  • 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. How firms in this industry create value for their commercial clients

2. Marketing - Manufacturing/operations - Finance - Accounting

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

4. Warehouse Management System

5. Cost - Insurance - and Freight

6. 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.

7. Producer to Store - servicing the customer

8. Time - Dependability - Communications - Convenience

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

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

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

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

13. Reliability - Responsiveness - Flexibility - Cost - Assets

14. Vendor

15. Processes for developing and implementing successful relationship

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

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

18. Distribution Requirement Planning

19. Delivered Duty Paid

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

21. Free On Board

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

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

25. Measures cost and performance of activities.

26. Product/Service - Information - Finance

27. Free Alongside Ship

28. Form Utility

29. Influencing the order - order execution

30. The ________ is associated with downstream activities.

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

32. Cost and Freight

33. 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).

34. 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

35. Challenge is to evaluate and successfully implement the technology

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

37. Collaborative Planning - Forecasting - and Replenishment

38. Anything that touches the customer

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

40. Organizations require collaboration or cooperation.

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

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

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

44. Plays large part in intermodal shipments.

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

46. Partner

47. Order Fill Rate - Perfect Order

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

49. 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.

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