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 having them where people want them.






2. 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.






3. Influencing the order - order execution






4. 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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5. Item Fill Rate - Line Fill Rate






6. Free On Board






7. 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






8. Growth to a global or worldwide scale. Important Issues in a SC: More volatile supply and demand - shorter product lifetimes - blurring of organizational boundaries.






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






10. Free Alongside Ship






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






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






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






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






15. 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.






16. Challenge is to evaluate and successfully implement the technology






17. Cost and Freight






18. Transportation Management System






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






20. 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).






21. Critical part of global supply chains






22. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






24. Procurement and Manufacturing - value adding activities






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






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






27. CFE - MSE - MAD - MAPE






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






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






30. 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






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






32. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility






33. Producer to Store - servicing the customer






34. Plays large part in intermodal shipments.






35. Fast - high rate






36. Influences product availability






37. Anything that touches the customer






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






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






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






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






42. Warehouse Management System






43. Enterprise Resource Planning






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






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






46. Relevant - Accurate - Accessible - Timely - Transferable






47. Partner






48. Act as agents for domestic firms in the international arena.






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






50. The ________ is associated with downstream activities.