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






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






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






4. Marketing - Manufacturing/operations - Finance - Accounting






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






6. Vendor

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7. Collaborative Planning - Forecasting - and Replenishment






8. Reliability - Responsiveness - Flexibility - Cost - Assets






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






10. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






12. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service






13. 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.






14. Electrical Machinery - Power Generation Equipment.






15. Return on Assets.






16. Cost - Insurance - and Freight






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






18. Critical part of global supply chains






19. Free On Board






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






21. Influencing the order - order execution






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






23. Procurement and Manufacturing - value adding activities






24. Delivered Duty Paid






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






26. Processes for developing and implementing successful relationship






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






28. Influences product availability






29. 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






30. Relevant - Accurate - Accessible - Timely - Transferable






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






32. Sales and Order Processing






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






34. Enlightened - Educated - easy access to Internet






35. Cost and Freight






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






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






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






39. 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






40. Customers trade partnership against terrorism






41. Challenge is to evaluate and successfully implement the technology






42. Procurement and Manufacturing - value adding activities






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






44. 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).






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






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






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






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






49. 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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50. That part of the supply chain process that plans - implements - and controls the efficient - effective flow and storage of goods - services - and related information from point of origin to point of consumption in order to meet customer requirem