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. Warehouse Management System






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






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






5. Materials Requirement Planning






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






7. Procurement and Manufacturing - value adding activities






8. Customers trade partnership against terrorism






9. Critical part of global supply chains






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






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






12. Reliability - Responsiveness - Flexibility - Cost - Assets






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






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






15. Measures cost and performance of activities.






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






17. Producer to Store - servicing the customer






18. Free On Board






19. 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






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






21. Distribution Requirement Planning






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






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






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






25. Electrical Machinery - Power Generation Equipment






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






27. 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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28. Strategic Alliance






29. Time Utility - Place Utility - Quantity Utility






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






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






32. Marketing - Manufacturing/operations - Finance - Accounting






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






34. Influencing the order - order execution






35. Fast - high rate






36. Organizations require collaboration or cooperation.






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






38. 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).






39. Management of materials in motion and at rest.






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






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






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






43. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






44. Cost - Insurance - and Freight






45. Electrical Machinery - Power Generation Equipment.






46. Return on Assets.






47. 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






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






49. Processes for developing and implementing successful relationship






50. 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.