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






2. Customers trade partnership against terrorism






3. Materials Requirement Planning






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






5. Critical part of global supply chains






6. Partner






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






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






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






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






11. CFE - MSE - MAD - MAPE






12. Time Utility - Place Utility - Quantity Utility






13. Transportation Management System






14. 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






15. Cost and Freight






16. Time - Dependability - Communications - Convenience






17. Free Alongside Ship






18. 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.






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

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20. Distribution Requirement Planning






21. Return on Assets.






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






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






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






25. Represents an alternative that may imply even greater involvement than the partnership or strategic alliance






26. Sales and Order Processing






27. Form - Time - Place - Quantity - Possession






28. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






29. Order Fill Rate - Perfect Order






30. Influences product availability






31. The ________ is associated with downstream activities.






32. Product/Service - Information - Finance






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






34. Warehouse Management System






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






36. Relevant - Accurate - Accessible - Timely - Transferable






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






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






39. Possession Utility






40. Cost - Insurance - and Freight






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






42. Item Fill Rate - Line Fill Rate






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






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






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






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






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






48. Procurement and Manufacturing - value adding activities






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






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