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. Fast - high rate






2. 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.






3. Marketing - Manufacturing/operations - Finance - Accounting






4. Critical part of global supply chains






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






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






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






8. 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






9. Enterprise Resource Planning






10. How firms in this industry create value for their commercial clients






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






12. Electrical Machinery - Power Generation Equipment.






13. Plays large part in intermodal shipments.






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






15. 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.






16. Deregulation: Transportation - Communications - and Financial Institutions






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






18. CFE - MSE - MAD - MAPE






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






20. Management of materials in motion and at rest.






21. Cost and Freight






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






23. Organizations require collaboration or cooperation.






24. Influencing the order - order execution






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






26. Product/Service - Information - Finance






27. Time - Quality - Cost - Supporting Metrics






28. Vendor

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29. Free On Board






30. Order Fill Rate - Perfect Order






31. Reliability - Responsiveness - Flexibility - Cost - Assets






32. Distribution Requirement Planning






33. Strategic Alliance






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






35. 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






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






37. 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.






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






39. Form Utility






40. Collaborative Planning - Forecasting - and Replenishment






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






42. Cost - Insurance - and Freight






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






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






45. Time - Dependability - Communications - Convenience






46. Free Alongside Ship






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






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






49. Enlightened - Educated - easy access to Internet






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