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. Procurement and Manufacturing - value adding activities






2. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






4. CFE - MSE - MAD - MAPE






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






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






7. 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






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






9. Return on Assets.






10. Enterprise Resource Planning






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






12. Materials Requirement Planning






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






14. Order Fill Rate - Perfect Order






15. Plays large part in intermodal shipments.






16. Canada - China - Mexico






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






18. Item Fill Rate - Line Fill Rate






19. Procurement and Manufacturing - value adding activities






20. The time that elapses from when a buyer places an order until receipt of the order






21. Strategic Alliance






22. Distribution Requirement Planning






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






24. Relevant - Accurate - Accessible - Timely - Transferable






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






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






27. Partner






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






29. 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






30. Anything that touches the customer






31. Free On Board






32. Marketing - Manufacturing/operations - Finance - Accounting






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






34. The network facilities and supporting transportation is important. It must be capable and able to respond to change in the marketplace.






35. Customers trade partnership against terrorism






36. 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).






37. Critical part of global supply chains






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






39. Producer to Store - servicing the customer






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






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






42. Management of materials in motion and at rest.






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






44. The ________ is associated with downstream activities.






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






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






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






49. 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






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