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






2. Sales and Order Processing






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. Delivered Duty Paid






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






6. Plays large part in intermodal shipments.






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






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






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






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






11. 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).






12. Enterprise Resource Planning






13. Deregulation: Transportation - Communications - and Financial Institutions






14. 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.






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






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






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






18. Possession Utility






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






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






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






22. Adding value to products by making them available when they're needed.






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






24. Cost - Insurance - and Freight






25. Partner






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






27. 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






28. The ________ is associated with downstream activities.






29. Product/Service - Information - Finance






30. Order Fill Rate - Perfect Order






31. Collaborative Planning - Forecasting - and Replenishment






32. Influencing the order - order execution






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






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






35. Free On Board






36. Measures cost and performance of activities.






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






38. 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.






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






40. Relevant - Accurate - Accessible - Timely - Transferable






41. Influences product availability






42. Form - Time - Place - Quantity - Possession






43. 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.






44. Processes for developing and implementing successful relationship






45. Free Alongside Ship






46. Time - Quality - Cost - Supporting Metrics






47. Organizations require collaboration or cooperation.






48. Marketing - Manufacturing/operations - Finance - Accounting






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






50. Reliability - Responsiveness - Flexibility - Cost - Assets







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Can you answer 50 questions in 15 minutes?


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