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






2. Measures cost and performance of activities.






3. 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






4. Marketing - Manufacturing/operations - Finance - Accounting






5. Vendor

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






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






8. Procurement and Manufacturing - value adding activities






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






10. Deregulation: Transportation - Communications - and Financial Institutions






11. Influencing the order - order execution






12. Form - Time - Place - Quantity - Possession






13. Electrical Machinery - Power Generation Equipment






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






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

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16. Strategic Alliance






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






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






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






20. Enterprise Resource Planning






21. Sales and Order Processing






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






23. 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.






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






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






26. 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.






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






28. Organizations require collaboration or cooperation.






29. Warehouse Management System






30. Cost - Insurance - and Freight






31. Relevant - Accurate - Accessible - Timely - Transferable






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






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






34. 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).






35. Collaborative Planning - Forecasting - and Replenishment






36. Challenge is to evaluate and successfully implement the technology






37. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






38. Management of materials in motion and at rest.






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






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






41. Free On Board






42. Order Fill Rate - Perfect Order






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






44. Electrical Machinery - Power Generation Equipment.






45. Possession Utility






46. The ________ is associated with downstream activities.






47. Product/Service - Information - Finance






48. Form Utility






49. Materials Requirement Planning






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