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






2. Management of materials in motion and at rest.






3. Deregulation: Transportation - Communications - and Financial Institutions






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






5. Form - Time - Place - Quantity - Possession






6. Processes for developing and implementing successful relationship






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






8. Sales and Order Processing






9. Procurement and Manufacturing - value adding activities






10. Item Fill Rate - Line Fill Rate






11. Free On Board






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






13. Warehouse Management System






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






15. 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.






16. Enterprise Resource Planning






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






18. Producer to Store - servicing the customer






19. Free Alongside Ship






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






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






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






23. 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.






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






25. 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).






26. Transportation Management System






27. Marketing - Manufacturing/operations - Finance - Accounting






28. Influencing the order - order execution






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






30. Possession Utility






31. Reliability - Responsiveness - Flexibility - Cost - Assets






32. Time - Dependability - Communications - Convenience






33. Delivered Duty Paid






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






35. Product/Service - Information - Finance






36. Canada - China - Mexico






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






38. 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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39. Analyze and evaluate on organizations efficiency over a time period.






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






41. Organizations require collaboration or cooperation.






42. Materials Requirement Planning






43. Business Logistics - Military Logistics - Event Logistics - Service Logistics






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






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






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






47. Influences product availability






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






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

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50. Critical part of global supply chains