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






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






3. Electrical Machinery - Power Generation Equipment






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






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






6. Procurement and Manufacturing - value adding activities






7. 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).






8. Processes for developing and implementing successful relationship






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






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






11. Concern and potential challenge since 9/11. Must be prepared for terrorist attack.






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






13. Cost - Insurance - and Freight






14. Fast - high rate






15. Free On Board






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






17. Critical part of global supply chains






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






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






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






21. Value added by delivering the proper amount of a good.






22. Business Logistics - Military Logistics - Event Logistics - Service Logistics






23. Enterprise Resource Planning






24. Organizations require collaboration or cooperation.






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






26. Canada - China - Mexico






27. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






28. Warehouse Management System






29. Influencing the order - order execution






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






31. 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.






32. Order Fill Rate - Perfect Order






33. 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.






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. Producer to Store - servicing the customer






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






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






38. Form Utility






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






40. Vendor

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41. Relevant - Accurate - Accessible - Timely - Transferable






42. Form - Time - Place - Quantity - Possession






43. Electrical Machinery - Power Generation Equipment.






44. 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.






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






46. Plays large part in intermodal shipments.






47. 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






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






49. Materials Requirement Planning






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