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. Partner






2. Measures cost and performance of activities.






3. Cost and Freight






4. Enlightened - Educated - easy access to Internet






5. Fast - high rate






6. Adding value to products by having them where people want them.






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






8. Collaborative Planning - Forecasting - and Replenishment






9. Transportation Management System






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






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






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






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






14. Procurement and Manufacturing - value adding activities






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






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






17. 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.






18. Electrical Machinery - Power Generation Equipment






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






20. Possession Utility






21. Producer to Store - servicing the customer






22. Reliability - Responsiveness - Flexibility - Cost - Assets






23. Enterprise Resource Planning






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






25. Plays large part in intermodal shipments.






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






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






28. Sales and Order Processing






29. Vendor


30. Business Logistics - Military Logistics - Event Logistics - Service Logistics






31. Product/Service - Information - Finance






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






33. Strategic Alliance






34. Order Fill Rate - Perfect Order






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






36. Time - Quality - Cost - Supporting Metrics






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






38. Influences product availability






39. 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






40. Procurement and Manufacturing - value adding activities






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






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






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






45. 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






46. CFE - MSE - MAD - MAPE






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






48. Free On Board






49. Critical part of global supply chains






50. Free Alongside Ship