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






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






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






4. Critical part of global supply chains






5. Procurement and Manufacturing - value adding activities






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






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






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






9. Materials Requirement Planning






10. Management of materials in motion and at rest.






11. Free Alongside Ship






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






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






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






15. 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.






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






17. 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






18. Fast - high rate






19. Sales and Order Processing






20. Possession Utility






21. Producer to Store - servicing the customer






22. Free On Board






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






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






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






26. Collaborative Planning - Forecasting - and Replenishment






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






28. 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






29. That part of the supply chain process that plans - implements - and controls the efficient - effective flow and storage of goods - services - and related information from point of origin to point of consumption in order to meet customer requirem






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






31. Measures cost and performance of activities.






32. 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






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






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






35. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






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






38. Form Utility






39. Form - Time - Place - Quantity - Possession






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






41. Strategic Alliance






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






43. Strategically positioning customers to improve the profitability of the organization and enhance its relationship with its customer base






44. Customers trade partnership against terrorism






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






46. Challenge is to evaluate and successfully implement the technology






47. Relevant - Accurate - Accessible - Timely - Transferable






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






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






50. Enlightened - Educated - easy access to Internet