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






2. Free Alongside Ship






3. 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.






4. Materials Requirement Planning






5. Possession Utility






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






7. Cost - Insurance - and Freight






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






9. Enterprise Resource Planning






10. Marketing - Manufacturing/operations - Finance - Accounting






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






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






13. Transportation Management System






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






15. Form - Time - Place - Quantity - Possession






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






17. Collaborative Planning - Forecasting - and Replenishment






18. Primarily created through the basic marketing activities related to the promotion of products and services -






19. Electrical Machinery - Power Generation Equipment.






20. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])






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






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






24. Fast - high rate






25. Enlightened - Educated - easy access to Internet






26. 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).






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






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






29. Time - Dependability - Communications - Convenience






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






31. Deregulation: Transportation - Communications - and Financial Institutions






32. Partner






33. Reliability - Responsiveness - Flexibility - Cost - Assets






34. Anything that touches the customer






35. CFE - MSE - MAD - MAPE






36. Distribution Requirement Planning






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






38. Customers trade partnership against terrorism






39. Critical part of global supply chains






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






41. Vendor

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42. 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.






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






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






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






46. Procurement and Manufacturing - value adding activities






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






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






49. Sales and Order Processing






50. Strategic Alliance