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






2. Delivered Duty Paid






3. 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.






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






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






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






7. Order Fill Rate - Perfect Order






8. 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






9. Measures cost and performance of activities.






10. The network facilities and supporting transportation is important. It must be capable and able to respond to change in the marketplace.






11. How firms in this industry create value for their commercial clients






12. Time Utility - Place Utility - Quantity Utility






13. Processes for developing and implementing successful relationship






14. 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






15. Time - Dependability - Communications - Convenience






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






17. Marketing - Manufacturing/operations - Finance - Accounting






18. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






20. Free On Board






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






22. Free Alongside Ship






23. Time - Quality - Cost - Supporting Metrics






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






25. 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






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






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






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






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






30. 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.






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






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






33. Vendor

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


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






35. Deregulation: Transportation - Communications - and Financial Institutions






36. Item Fill Rate - Line Fill Rate






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






38. Electrical Machinery - Power Generation Equipment.






39. Influences product availability






40. Partner






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






42. Producer to Store - servicing the customer






43. Value added to goods through a manufacturing or assembly process.






44. Possession Utility






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






46. Warehouse Management System






47. Enlightened - Educated - easy access to Internet






48. Electrical Machinery - Power Generation Equipment






49. Customers trade partnership against terrorism






50. CFE - MSE - MAD - MAPE