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. 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






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






3. Vendor


4. Management of Product/Service - Information - and Cash Flows.






5. Relevant - Accurate - Accessible - Timely - Transferable






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






7. Time Utility - Place Utility - Quantity Utility






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






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






10. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






11. Enterprise Resource Planning






12. Fast - high rate






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






14. Challenge is to evaluate and successfully implement the technology






15. 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.






16. Transportation Management System






17. Processes for developing and implementing successful relationship






18. Management of materials in motion and at rest.






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






20. Influences product availability






21. Form - Time - Place - Quantity - Possession






22. The dual flow of Product/Services - Information - and Finances across the suppliers - distributors - manufacturers - wholesalers - and customers.






23. Business Logistics - Military Logistics - Event Logistics - Service Logistics






24. Cost - Insurance - and Freight






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






26. Deregulation: Transportation - Communications - and Financial Institutions






27. 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).






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






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






30. Return on Assets.






31. Strategic Alliance






32. Delivered Duty Paid






33. 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






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






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






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






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






38. Warehouse Management System






39. Procurement and Manufacturing - value adding activities






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






41. 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.






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






43. Order Fill Rate - Perfect Order






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






45. Electrical Machinery - Power Generation Equipment






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






47. Cost and Freight






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






49. Electrical Machinery - Power Generation Equipment.






50. 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.