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






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






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






4. Order Fill Rate - Perfect Order






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






6. Management of materials in motion and at rest.






7. Cost - Insurance - and Freight






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






9. 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.






10. 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






11. Warehouse Management System






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






13. Critical part of global supply chains






14. 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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15. Free Alongside Ship






16. 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






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






18. Challenge is to evaluate and successfully implement the technology






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






20. Electrical Machinery - Power Generation Equipment






21. 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






22. Processes for developing and implementing successful relationship






23. 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






24. 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.






25. Sales and Order Processing






26. Enlightened - Educated - easy access to Internet






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






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






29. Electrical Machinery - Power Generation Equipment.






30. Return on Assets.






31. Collaborative Planning - Forecasting - and Replenishment






32. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






33. Partner






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






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






36. Product/Service - Information - Finance






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






38. Organizations require collaboration or cooperation.






39. Vendor

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






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

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






43. 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).






44. Strategic Alliance






45. Possession Utility






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






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






48. 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.






49. Plays large part in intermodal shipments.






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