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






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






4. Vendor

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5. The ________ is associated with downstream activities.






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






7. Time - Quality - Cost - Supporting Metrics






8. 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.






9. 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






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






11. 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






12. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation






13. Processes for developing and implementing successful relationship






14. Anything that touches the customer






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






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






17. Electrical Machinery - Power Generation Equipment.






18. Cost and Freight






19. 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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20. Value added to goods through a manufacturing or assembly process.






21. Order Fill Rate - Perfect Order






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






23. 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).






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






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






26. 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






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






28. The art and science of management - engineering - and technical activities concerned with requirements - design - and supplying and maintaining resources to support objectives - plans - and operations.






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






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






31. Business Logistics - Military Logistics - Event Logistics - Service Logistics






32. Item Fill Rate - Line Fill Rate






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






34. Sales and Order Processing






35. Marketing - Manufacturing/operations - Finance - Accounting






36. Deregulation: Transportation - Communications - and Financial Institutions






37. Producer to Store - servicing the customer






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






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






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






41. Return on Assets.






42. Partner






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






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






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






46. 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.






47. Relevant - Accurate - Accessible - Timely - Transferable






48. Time - Dependability - Communications - Convenience






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






50. Form - Time - Place - Quantity - Possession