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. 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.






2. Return on Assets.






3. Influences product availability






4. 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.






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






6. 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.






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






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


9. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico






10. Marketing - Manufacturing/operations - Finance - Accounting






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






12. 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






13. Procurement and Manufacturing - value adding activities






14. 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).






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






16. Deregulation: Transportation - Communications - and Financial Institutions






17. Processes for developing and implementing successful relationship






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






19. Challenge is to evaluate and successfully implement the technology






20. Warehouse Management System






21. Enterprise Resource Planning






22. Organizations require collaboration or cooperation.






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






24. Partner






25. 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






26. Procurement and Manufacturing - value adding activities






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






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






29. Sales and Order Processing






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






31. 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.






32. Measures cost and performance of activities.






33. Plays large part in intermodal shipments.






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






35. Time Utility - Place Utility - Quantity Utility






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






37. Time - Quality - Cost - Supporting Metrics






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






39. Relevant - Accurate - Accessible - Timely - Transferable






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






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






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






43. Business Logistics - Military Logistics - Event Logistics - Service Logistics






44. Reliability - Responsiveness - Flexibility - Cost - Assets






45. Critical part of global supply chains






46. Order Fill Rate - Perfect Order






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






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






49. Materials Requirement Planning






50. 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