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. Return on Assets.






2. Organizations require collaboration or cooperation.






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






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






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






6. Strategic Alliance






7. Procurement and Manufacturing - value adding activities






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






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






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






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






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






13. Marketing - Manufacturing/operations - Finance - Accounting






14. Warehouse Management System






15. Electrical Machinery - Power Generation Equipment






16. Influencing the order - order execution






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






18. Time - Dependability - Communications - Convenience






19. Time - Quality - Cost - Supporting Metrics






20. Possession Utility






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. Order Fill Rate - Perfect Order






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






24. Reliability - Responsiveness - Flexibility - Cost - Assets






25. Time Utility - Place Utility - Quantity Utility






26. 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






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






28. Producer to Store - servicing the customer






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






30. Collaborative Planning - Forecasting - and Replenishment






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






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


33. Canada - China - Mexico






34. Electrical Machinery - Power Generation Equipment.






35. Customers trade partnership against terrorism






36. Transportation Management System






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






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






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






40. Sales and Order Processing






41. Relevant - Accurate - Accessible - Timely - Transferable






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






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






44. Free Alongside Ship






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






46. 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.






47. Processes for developing and implementing successful relationship






48. Value added by delivering the proper amount of a good.






49. Product/Service - Information - Finance






50. Fast - high rate