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






2. 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).






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






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






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






6. Challenge is to evaluate and successfully implement the technology






7. Distribution Requirement Planning






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






9. Deregulation: Transportation - Communications - and Financial Institutions






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






11. Reliability - Responsiveness - Flexibility - Cost - Assets






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






13. Canada - China - Mexico






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






15. Time - Dependability - Communications - Convenience






16. Strategic Alliance






17. Enterprise Resource Planning






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






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






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






21. Anything that touches the customer






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. Procurement and Manufacturing - value adding activities






24. Collaborative Planning - Forecasting - and Replenishment






25. Producer to Store - servicing the customer






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






27. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






28. Electrical Machinery - Power Generation Equipment






29. Sales and Order Processing






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






31. Customers trade partnership against terrorism






32. Critical part of global supply chains






33. Delivered Duty Paid






34. 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






35. Right: information - partner - quantity - format - time - place - cost

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36. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.






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






38. Enlightened - Educated - easy access to Internet






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






41. Organizations require collaboration or cooperation.






42. Transportation Management System






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






44. Influences product availability






45. 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






46. Influencing the order - order execution






47. The ________ is associated with downstream activities.






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






49. Fast - high rate






50. 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