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. Electrical Machinery - Power Generation Equipment.






2. Influencing the order - order execution






3. Cost and Freight






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






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






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






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






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






9. Canada - China - Mexico






10. 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.






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






12. Product/Service - Information - Finance






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






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






15. Current 1. WMS 2. Web-enabled communication 3. Visibility tools 4. TMS - Future 1. RFID 2. Collaboration tools 3. Supply chain planning and visibility tools






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






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






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






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

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20. Distribution Requirement Planning






21. Organizations require collaboration or cooperation.






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






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






24. Transportation Management System






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






26. 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






27. Sales and Order Processing






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






29. 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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30. The ________ is associated with downstream activities.






31. Fast - high rate






32. Form - Time - Place - Quantity - Possession






33. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






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






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






37. Processes for developing and implementing successful relationship






38. 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.






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






40. Relevant - Accurate - Accessible - Timely - Transferable






41. Time - Dependability - Communications - Convenience






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






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






44. Measures cost and performance of activities.






45. Time Utility - Place Utility - Quantity Utility






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






47. Free On Board






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






49. 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.






50. Form Utility