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. Partner






2. Sales and Order Processing






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






4. Producer to Store - servicing the customer






5. Item Fill Rate - Line Fill Rate






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






7. Influences product availability






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






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






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






11. Strategic Alliance






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






13. Transportation Management System






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






15. Electrical Machinery - Power Generation Equipment






16. 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






17. Value added by delivering the proper amount of a good.






18. Order Fill Rate - Perfect Order






19. Enlightened - Educated - easy access to Internet






20. Time Utility - Place Utility - Quantity Utility






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






22. 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.






23. Warehouse Management System






24. Plays large part in intermodal shipments.






25. Processes for developing and implementing successful relationship






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






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






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






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






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






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






33. The ________ is associated with downstream activities.






34. Vendor

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






36. Form Utility






37. 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






38. Anything that touches the customer






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






40. Cost - Insurance - and Freight






41. CFE - MSE - MAD - MAPE






42. Organizations require collaboration or cooperation.






43. 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.






44. Free Alongside Ship






45. Fast - high rate






46. 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.






47. Materials Requirement Planning






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






49. Customers trade partnership against terrorism






50. Cost and Freight