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. Product/Service - Information - Finance






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






3. Free On Board






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






5. Challenge is to evaluate and successfully implement the technology






6. Fast - high rate






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






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






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






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






11. 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






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






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






14. Return on Assets.






15. Enlightened - Educated - easy access to Internet






16. Time - Dependability - Communications - Convenience






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






18. Procurement and Manufacturing - value adding activities






19. Cost - Insurance - and Freight






20. 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






21. 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.






22. 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






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






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






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






26. Producer to Store - servicing the customer






27. 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).






28. Partner






29. Transportation Management System






30. The ________ is associated with downstream activities.






31. Time Utility - Place Utility - Quantity Utility






32. Delivered Duty Paid






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






34. Business Logistics - Military Logistics - Event Logistics - Service Logistics






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






36. Deregulation: Transportation - Communications - and Financial Institutions






37. Materials Requirement Planning






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






39. Sales and Order Processing






40. Measures cost and performance of activities.






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






42. 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.






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






44. Item Fill Rate - Line Fill Rate






45. Cost and Freight






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






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






48. Form - Time - Place - Quantity - Possession






49. Marketing - Manufacturing/operations - Finance - Accounting






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