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






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






3. Electrical Machinery - Power Generation Equipment.






4. Transportation Management System






5. Canada - China - Mexico






6. Free On Board






7. 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






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






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






10. 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






11. Influences product availability






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






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






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






15. Sales and Order Processing






16. Form - Time - Place - Quantity - Possession






17. Cost - Insurance - and Freight






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






19. Time - Dependability - Communications - Convenience






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






21. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






22. Management of materials in motion and at rest.






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






24. 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.






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






26. Partner






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






28. 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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29. Right: information - partner - quantity - format - time - place - cost

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30. Order Fill Rate - Perfect Order






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






32. Plays large part in intermodal shipments.






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






34. CFE - MSE - MAD - MAPE






35. Distribution Requirement Planning






36. Business Logistics - Military Logistics - Event Logistics - Service Logistics






37. Return on Assets.






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






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






40. Producer to Store - servicing the customer






41. Delivered Duty Paid






42. 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






43. Measures cost and performance of activities.






44. Fast - high rate






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






46. Organizations require collaboration or cooperation.






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






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






49. Strategic Alliance






50. Relevant - Accurate - Accessible - Timely - Transferable