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. Sales and Order Processing






2. Time - Quality - Cost - Supporting Metrics






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






4. Enterprise Resource Planning






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






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






7. Business Logistics - Military Logistics - Event Logistics - Service Logistics






8. Form Utility






9. Delivered Duty Paid






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






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






12. Free Alongside Ship






13. The most pervasive and important global shipment method. Low rates - wide variety of products






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






16. CFE - MSE - MAD - MAPE






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






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






19. Strategic Alliance






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






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






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






23. Marketing - Manufacturing/operations - Finance - Accounting






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






25. Distribution Requirement Planning






26. Fast - high rate






27. Free On Board






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






29. Enlightened - Educated - easy access to Internet






30. Challenge is to evaluate and successfully implement the technology






31. Deregulation: Transportation - Communications - and Financial Institutions






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






33. Organizations require collaboration or cooperation.






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






35. Influences product availability






36. Procurement and Manufacturing - value adding activities






37. Electrical Machinery - Power Generation Equipment






38. The ________ is associated with downstream activities.






39. Measures cost and performance of activities.






40. Reliability - Responsiveness - Flexibility - Cost - Assets






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






42. How firms in this industry create value for their commercial clients






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






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






45. Influencing the order - order execution






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






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






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






49. 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






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