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. Marketing - Manufacturing/operations - Finance - Accounting






2. Canada - China - Mexico






3. Form Utility






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






5. Delivered Duty Paid






6. Measures cost and performance of activities.






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






8. 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






9. Increased complexity for organizations (from SKUs to trade regulations) is a problem. Organizations should simplify.






10. Free On Board






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






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






13. Form - Time - Place - Quantity - Possession






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






15. Cost and Freight






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






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






18. The ________ is associated with downstream activities.






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






20. Warehouse Management System






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






22. 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.






23. 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






24. Customers trade partnership against terrorism






25. 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.






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






27. Possession Utility






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






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






30. Plays large part in intermodal shipments.






31. Management of materials in motion and at rest.






32. Organizations require collaboration or cooperation.






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






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






35. Return on Assets.






36. Partner






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






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






39. Materials Requirement Planning






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






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






42. Strategic Alliance






43. 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).






44. 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






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






46. Challenge is to evaluate and successfully implement the technology






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






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






49. Fast - high rate






50. 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.

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183