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






2. Deregulation: Transportation - Communications - and Financial Institutions






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






4. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






6. Electrical Machinery - Power Generation Equipment






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






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






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






10. 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






11. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.






12. Enterprise Resource Planning






13. Fast - high rate






14. Item Fill Rate - Line Fill Rate






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






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






17. Procurement and Manufacturing - value adding activities






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






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






20. Partner






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

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22. Vendor

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23. Cost and Freight






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






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






26. Materials Requirement Planning






27. Return on Assets.






28. Transportation Management System






29. 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






30. The design and integration of all aspects of support for the operational capability of the military forces and their equipment to ensure readiness - reliability and efficiency.






31. Relevant - Accurate - Accessible - Timely - Transferable






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






33. Enlightened - Educated - easy access to Internet






34. 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






35. Form Utility






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






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






38. Electrical Machinery - Power Generation Equipment.






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






40. Analyze and evaluate on organizations efficiency over a time period.






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






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






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






44. Strategic Alliance






45. Warehouse Management System






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






47. Customers trade partnership against terrorism






48. Reliability - Responsiveness - Flexibility - Cost - Assets






49. Organizations require collaboration or cooperation.






50. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility