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. Free On Board






2. Enterprise Resource Planning






3. Order Fill Rate - Perfect Order






4. Cost and Freight






5. 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.






6. Electrical Machinery - Power Generation Equipment.






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






8. 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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9. Return on Assets.






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






11. Collaborative Planning - Forecasting - and Replenishment






12. Anything that touches the customer






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






14. Enlightened - Educated - easy access to Internet






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






16. Processes for developing and implementing successful relationship






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






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






19. Possession Utility






20. 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






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






22. Electrical Machinery - Power Generation Equipment






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






24. Product/Service - Information - Finance






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






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

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27. Critical part of global supply chains






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






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






30. The ________ is associated with downstream activities.






31. Organizations require collaboration or cooperation.






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






33. Warehouse Management System






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






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






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






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






38. 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).






39. Time - Quality - Cost - Supporting Metrics






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






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






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






43. Form - Time - Place - Quantity - Possession






44. Procurement and Manufacturing - value adding activities






45. Influencing the order - order execution






46. Strategic Alliance






47. Item Fill Rate - Line Fill Rate






48. Time Utility - Place Utility - Quantity Utility






49. Vendor

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50. Customers trade partnership against terrorism