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






2. Enlightened - Educated - easy access to Internet






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






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






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

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






7. Enterprise Resource Planning






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. Processes for developing and implementing successful relationship






10. Free Alongside Ship






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






12. Reliability - Responsiveness - Flexibility - Cost - Assets






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. Cost and Freight






15. Materials Requirement Planning






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






17. Transportation Management System






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






19. Organizations require collaboration or cooperation.






20. Producer to Store - servicing the customer






21. Time Utility - Place Utility - Quantity Utility






22. 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






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






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






25. 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






26. Strategic Alliance






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






28. Procurement and Manufacturing - value adding activities






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






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






31. Return on Assets.






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






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






34. Customers trade partnership against terrorism






35. Represents an alternative that may imply even greater involvement than the partnership or strategic alliance






36. Sales and Order Processing






37. Partner






38. Critical part of global supply chains






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






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






41. Business Logistics - Military Logistics - Event Logistics - Service Logistics






42. 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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43. Management of Product/Service - Information - and Cash Flows.






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






45. Electrical Machinery - Power Generation Equipment






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






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






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






49. Analyze and evaluate on organizations efficiency over a time period.






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