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






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






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






4. Product/Service - Information - Finance






5. Reliability - Responsiveness - Flexibility - Cost - Assets






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






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






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






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






10. Plays large part in intermodal shipments.






11. Customers trade partnership against terrorism






12. Vendor

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13. Influencing the order - order execution






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






15. 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






16. Time Utility - Place Utility - Quantity Utility






17. Distribution Requirement Planning






18. Free Alongside Ship






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






20. Electrical Machinery - Power Generation Equipment.






21. Free On Board






22. Management of materials in motion and at rest.






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






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






25. Cost - Insurance - and Freight






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






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






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






29. Influences product availability






30. Materials Requirement Planning






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






32. Producer to Store - servicing the customer






33. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






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






36. Strategic Alliance






37. Canada - China - Mexico






38. Time - Dependability - Communications - Convenience






39. Cost and Freight






40. 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.






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






42. Warehouse Management System






43. Sales and Order Processing






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






45. Right: information - partner - quantity - format - time - place - cost

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46. Marketing - Manufacturing/operations - Finance - Accounting






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






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






49. Processes for developing and implementing successful relationship






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