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. Processes for developing and implementing successful relationship






3. Challenge is to evaluate and successfully implement the technology






4. The ________ is associated with downstream activities.






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






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






7. Product/Service - Information - Finance






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






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






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






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






12. 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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13. Partner






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






15. 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.






16. Deregulation: Transportation - Communications - and Financial Institutions






17. Form - Time - Place - Quantity - Possession






18. Strategic Alliance






19. Influences product availability






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






21. Item Fill Rate - Line Fill Rate






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






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






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






25. Return on Assets.






26. Procurement and Manufacturing - value adding activities






27. CFE - MSE - MAD - MAPE






28. Transportation Management System






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






30. Management of materials in motion and at rest.






31. Sales and Order Processing






32. Measures cost and performance of activities.






33. Plays large part in intermodal shipments.






34. Enterprise Resource Planning






35. Time - Quality - Cost - Supporting Metrics






36. Influencing the order - order execution






37. 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).






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






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






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






41. 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






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






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






44. 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






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






46. Organizations require collaboration or cooperation.






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






48. Time - Dependability - Communications - Convenience






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






50. Canada - China - Mexico