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. Time Utility - Place Utility - Quantity Utility






2. Time - Quality - Cost - Supporting Metrics






3. Order Fill Rate - Perfect Order






4. Act as agents for domestic firms in the international arena.






5. Cost and Freight






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






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






8. CFE - MSE - MAD - MAPE






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






10. Sales and Order Processing






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






12. Customers trade partnership against terrorism






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






14. Return on Assets.






15. 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.






16. Measures cost and performance of activities.






17. 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.






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






19. Collaborative Planning - Forecasting - and Replenishment






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






21. Warehouse Management System






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






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






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






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






26. 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






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






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






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






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






31. Influences product availability






32. Fast - high rate






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






34. 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.






35. 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






36. Organizations require collaboration or cooperation.






37. Electrical Machinery - Power Generation Equipment






38. Reliability - Responsiveness - Flexibility - Cost - Assets






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






40. Deregulation: Transportation - Communications - and Financial Institutions






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






42. Possession Utility






43. Anything that touches the customer






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






45. 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






46. Transportation Management System






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






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






49. Critical part of global supply chains






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