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






2. Materials Requirement Planning






3. 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.






4. Reliability - Responsiveness - Flexibility - Cost - Assets






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






6. Relevant - Accurate - Accessible - Timely - Transferable






7. Organizations require collaboration or cooperation.






8. Management of materials in motion and at rest.






9. Collaborative Planning - Forecasting - and Replenishment






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






11. Electrical Machinery - Power Generation Equipment






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






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






15. Customers trade partnership against terrorism






16. Challenge is to evaluate and successfully implement the technology






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






18. The time that elapses from when a buyer places an order until receipt of the order






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






20. Influences product availability






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






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

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23. Deregulation: Transportation - Communications - and Financial Institutions






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






25. Free Alongside Ship






26. Warehouse Management System






27. Providing time and place utility/value of materials and products in support of Functional management organization objectives.






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






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






30. Time Utility - Place Utility - Quantity Utility






31. Time - Quality - Cost - Supporting Metrics






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






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






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






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






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






37. 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.






38. Critical part of global supply chains






39. Sales and Order Processing






40. Measures cost and performance of activities.






41. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences






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






43. 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






44. 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






45. Return on Assets.






46. Electrical Machinery - Power Generation Equipment.






47. Procurement and Manufacturing - value adding activities






48. Procurement and Manufacturing - value adding activities






49. 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






50. 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.

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