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. Procurement and Manufacturing - value adding activities






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






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






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

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5. Producer to Store - servicing the customer






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






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






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






9. CFE - MSE - MAD - MAPE






10. The ________ is associated with downstream activities.






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






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






13. Strategic Alliance






14. 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.






15. Management of materials in motion and at rest.






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






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






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






19. Free Alongside Ship






20. Materials Requirement Planning






21. Enlightened - Educated - easy access to Internet






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






23. Influences product availability






24. Warehouse Management System






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






26. Relevant - Accurate - Accessible - Timely - Transferable






27. Item Fill Rate - Line Fill Rate






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






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






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






31. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






32. Plays large part in intermodal shipments.






33. Return on Assets.






34. Distribution Requirement Planning






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






36. 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






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






38. Processes for developing and implementing successful relationship






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






40. Electrical Machinery - Power Generation Equipment






41. Cost - Insurance - and Freight






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






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






44. Challenge is to evaluate and successfully implement the technology






45. Transportation Management System






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






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






48. Business Logistics - Military Logistics - Event Logistics - Service Logistics






49. 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






50. Vendor

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