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






2. Processes for developing and implementing successful relationship






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






4. Warehouse Management System






5. Product/Service - Information - Finance






6. Challenge is to evaluate and successfully implement the technology






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






8. 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






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






10. Materials Requirement Planning






11. Form - Time - Place - Quantity - Possession






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.

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


13. Management of materials in motion and at rest.






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






15. Strategic Alliance






16. Return on Assets.






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






18. Cost - Insurance - and Freight






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






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






21. Cost and Freight






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






23. Distribution Requirement Planning






24. Partner






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






26. Form Utility






27. Free Alongside Ship






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






29. 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).






30. Procurement and Manufacturing - value adding activities






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






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






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






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






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






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






37. Relevant - Accurate - Accessible - Timely - Transferable






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

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


39. CFE - MSE - MAD - MAPE






40. Vendor

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


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






42. Strategically positioning customers to improve the profitability of the organization and enhance its relationship with its customer base






43. Reliability - Responsiveness - Flexibility - Cost - Assets






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






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. 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.






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






48. Time - Quality - Cost - Supporting Metrics






49. 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






50. Collaborative Planning - Forecasting - and Replenishment