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. Marketing - Manufacturing/operations - Finance - Accounting






2. Deregulation: Transportation - Communications - and Financial Institutions






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






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






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






6. Processes for developing and implementing successful relationship






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






8. Plays large part in intermodal shipments.






9. Partner






10. Canada - China - Mexico






11. Real and recognized benefits to all members - Dynamic creation - measurement - and evolution of collaborative partnerships - Co-buyer and co-seller relationships - Flexibility and security - Collaboration across all stages of business process integ






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






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






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






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






16. Sales and Order Processing






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






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






19. Cost and Freight






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






21. Organizations require collaboration or cooperation.






22. Return on Assets.






23. Vendor

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24. 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






25. The network facilities and supporting transportation is important. It must be capable and able to respond to change in the marketplace.






26. Form - Time - Place - Quantity - Possession






27. Materials Requirement Planning






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. Enterprise Resource Planning






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






31. Possession Utility






32. Form Utility






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






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






35. 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






36. Reliability - Responsiveness - Flexibility - Cost - Assets






37. Time - Dependability - Communications - Convenience






38. Product/Service - Information - Finance






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






40. Fast - high rate






41. Delivered Duty Paid






42. Transportation Management System






43. 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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44. Relevant - Accurate - Accessible - Timely - Transferable






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






46. Order Fill Rate - Perfect Order






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






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






49. Producer to Store - servicing the customer






50. 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