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






2. Challenge is to evaluate and successfully implement the technology






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






4. Form - Time - Place - Quantity - Possession






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






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






7. Materials Requirement Planning






8. Return on Assets.






9. Critical part of global supply chains






10. Vendor

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






12. 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.






13. Free Alongside Ship






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






15. Strategic Alliance






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






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

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






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






20. 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






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






22. Management of materials in motion and at rest.






23. 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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24. Sales and Order Processing






25. Electrical Machinery - Power Generation Equipment.






26. Fast - high rate






27. Analyze and evaluate on organizations efficiency over a time period.






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






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






30. 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






31. Measures cost and performance of activities.






32. Distribution Requirement Planning






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






34. Represents an alternative that may imply even greater involvement than the partnership or strategic alliance






35. Canada - China - Mexico






36. 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.






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






38. Time - Dependability - Communications - Convenience






39. Customers trade partnership against terrorism






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






41. Deregulation: Transportation - Communications - and Financial Institutions






42. Transportation Management System






43. Plays large part in intermodal shipments.






44. Procurement and Manufacturing - value adding activities






45. Warehouse Management System






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






47. Organizations require collaboration or cooperation.






48. The ________ is associated with downstream activities.






49. Free On Board






50. Influencing the order - order execution