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






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






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






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






5. Measures cost and performance of activities.






6. 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).






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






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

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9. Sales and Order Processing






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






11. Collaborative Planning - Forecasting - and Replenishment






12. Relevant - Accurate - Accessible - Timely - Transferable






13. Enterprise Resource Planning






14. Product/Service - Information - Finance






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






16. Distribution Requirement Planning






17. The branch of military science having to do with procuring - maintaining - utility/value and transporting material - personnel - and facilities






18. Analyze and evaluate on organizations efficiency over a time period.






19. Challenge is to evaluate and successfully implement the technology






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






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






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






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






24. 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.






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






26. Organizations require collaboration or cooperation.






27. Management of Product/Service - Information - and Cash Flows.






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






29. Fast - high rate






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






31. Time - Dependability - Communications - Convenience






32. Management of materials in motion and at rest.






33. Current 1. WMS 2. Web-enabled communication 3. Visibility tools 4. TMS - Future 1. RFID 2. Collaboration tools 3. Supply chain planning and visibility tools






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






35. Influencing the order - order execution






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






37. Marketing - Manufacturing/operations - Finance - Accounting






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






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






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






41. 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






42. Time - Quality - Cost - Supporting Metrics






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






44. Procurement and Manufacturing - value adding activities






45. Producer to Store - servicing the customer






46. 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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47. Delivered Duty Paid






48. Vendor

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49. CFE - MSE - MAD - MAPE






50. Possession Utility