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. 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.






2. Enterprise Resource Planning






3. Form Utility






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






5. Partner






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






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






8. Procurement and Manufacturing - value adding activities






9. Deregulation: Transportation - Communications - and Financial Institutions






10. Form - Time - Place - Quantity - Possession






11. Anything that touches the customer






12. Warehouse Management System






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






14. Time - Dependability - Communications - Convenience






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






16. Distribution Requirement Planning






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






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






19. Management of materials in motion and at rest.






20. Influencing the order - order execution






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

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22. CFE - MSE - MAD - MAPE






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






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






25. Critical part of global supply chains






26. Possession Utility






27. Reliability - Responsiveness - Flexibility - Cost - Assets






28. Business Logistics - Military Logistics - Event Logistics - Service Logistics






29. Relevant - Accurate - Accessible - Timely - Transferable






30. The management of the movement of materials and information within - into - and out of the firm






31. Cost and Freight






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






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






34. Materials Requirement Planning






35. 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






36. Influences product availability






37. Real and recognized benefits to all members - Dynamic creation - measurement - and evolution of collaborative partnerships - Co-buyer and co-seller relationships - Flexibility and security - Collaboration across all stages of business process integ






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






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






40. 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).






41. Challenge is to evaluate and successfully implement the technology






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






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






44. Fast - high rate






45. Plays large part in intermodal shipments.






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






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






48. Electrical Machinery - Power Generation Equipment.






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






50. Order Fill Rate - Perfect Order