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. Order Fill Rate - Perfect Order






2. 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).






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






4. Vendor

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5. Anything that touches the customer






6. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






7. Free On Board






8. Procurement and Manufacturing - value adding activities






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






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






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






12. 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.






13. Strategic Alliance






14. Warehouse Management System






15. Procurement and Manufacturing - value adding activities






16. Free Alongside Ship






17. Time Utility - Place Utility - Quantity Utility






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






19. 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






20. Form Utility






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






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






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






24. Electrical Machinery - Power Generation Equipment.






25. Cost - Insurance - and Freight






26. Possession Utility






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






29. 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






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






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






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






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






34. Management of materials in motion and at rest.






35. Enlightened - Educated - easy access to Internet






36. 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






37. Producer to Store - servicing the customer






38. Cost and Freight






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






40. Item Fill Rate - Line Fill Rate






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






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






43. The ________ is associated with downstream activities.






44. Measures cost and performance of activities.






45. Collaborative Planning - Forecasting - and Replenishment






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






47. CFE - MSE - MAD - MAPE






48. Deregulation: Transportation - Communications - and Financial Institutions






49. Challenge is to evaluate and successfully implement the technology






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