Test your basic knowledge |

Business Logistics Management

Subject : business-skills
  • 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. 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.

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

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

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

6. 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.

7. Electrical Machinery - Power Generation Equipment.

8. Enlightened - Educated - easy access to Internet

9. Product/Service - Information - Finance

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

11. Order Fill Rate - Perfect Order

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

13. 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).

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

15. 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

16. Time - Quality - Cost - Supporting Metrics

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

18. Anything that touches the customer

19. Measures cost and performance of activities.

20. Processes for developing and implementing successful relationship

21. Customers trade partnership against terrorism

22. 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

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

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

25. Critical part of global supply chains

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

27. Electrical Machinery - Power Generation Equipment

28. Time Utility - Place Utility - Quantity Utility

29. Sales and Order Processing

30. Collaborative Planning - Forecasting - and Replenishment

31. 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

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

33. Relevant - Accurate - Accessible - Timely - Transferable

34. Cost - Insurance - and Freight

35. The ________ is associated with downstream activities.

36. Warehouse Management System

37. Materials Requirement Planning

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

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

40. 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.

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

42. 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.

43. Partner

44. 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.

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

46. Reliability - Responsiveness - Flexibility - Cost - Assets

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

48. Delivered Duty Paid

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

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