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






2. Sales and Order Processing






3. Management of Product/Service - Information - and Cash Flows.






4. Partner






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






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






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






8. Materials Requirement Planning






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






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






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






12. Electrical Machinery - Power Generation Equipment.






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






14. Form Utility






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






16. Order Fill Rate - Perfect Order






17. Electrical Machinery - Power Generation Equipment






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






19. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






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






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






23. Transportation Management System






24. Plays large part in intermodal shipments.






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






26. 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.






27. 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






28. Warehouse Management System






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






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






31. Form - Time - Place - Quantity - Possession






32. Cost and Freight






33. Delivered Duty Paid






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






35. Possession Utility






36. Deregulation: Transportation - Communications - and Financial Institutions






37. 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






38. Reliability - Responsiveness - Flexibility - Cost - Assets






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






40. Time - Dependability - Communications - Convenience






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






42. CFE - MSE - MAD - MAPE






43. Fast - high rate






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






45. 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.






46. Strategic Alliance






47. 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






48. Anything that touches the customer






49. Enlightened - Educated - easy access to Internet






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