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






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






3. 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.






4. Customers trade partnership against terrorism






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






6. Warehouse Management System






7. Influences product availability






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






9. Materials Requirement Planning






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






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






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






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






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






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






16. 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






17. Reliability - Responsiveness - Flexibility - Cost - Assets






18. 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).






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






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






21. 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






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






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






24. Processes for developing and implementing successful relationship






25. Partner






26. 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.






27. 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






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






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






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






31. Deregulation: Transportation - Communications - and Financial Institutions






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






33. Sales and Order Processing






34. 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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35. Influencing the order - order execution






36. Procurement and Manufacturing - value adding activities






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






38. Plays large part in intermodal shipments.






39. Possession Utility






40. Producer to Store - servicing the customer






41. Procurement and Manufacturing - value adding activities






42. Assembles and manages the resources - capabilities - and technology of its own organization with those of complementary service providers to deliver a comprehensive supply chain solution.






43. Enterprise Resource Planning






44. The ________ is associated with downstream activities.






45. 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.






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






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






48. Measures cost and performance of activities.






49. Electrical Machinery - Power Generation Equipment.






50. Cost and Freight