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. Critical part of global supply chains






2. Business Logistics - Military Logistics - Event Logistics - Service Logistics






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






4. 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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5. Influences product availability






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






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






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






9. Procurement and Manufacturing - value adding activities






10. Product/Service - Information - Finance






11. 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






12. Sales and Order Processing






13. Item Fill Rate - Line Fill Rate






14. Marketing - Manufacturing/operations - Finance - Accounting






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






16. Deregulation: Transportation - Communications - and Financial Institutions






17. Fast - high rate






18. Vendor

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






20. The ________ is associated with downstream activities.






21. Measures cost and performance of activities.






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






23. 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






24. 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.






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






26. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






28. Producer to Store - servicing the customer






29. 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






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






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






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






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






34. Enlightened - Educated - easy access to Internet






35. The branch of military science having to do with procuring - maintaining - utility/value and transporting material - personnel - and facilities






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






37. Form - Time - Place - Quantity - Possession






38. Time - Dependability - Communications - Convenience






39. 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).






40. Return on Assets.






41. Relevant - Accurate - Accessible - Timely - Transferable






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






43. Cost - Insurance - and Freight






44. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation






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






46. Primarily created through the basic marketing activities related to the promotion of products and services -






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






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






49. Materials Requirement Planning






50. 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.