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






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






3. Transportation Management System






4. Cost and Freight






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






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






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






8. Warehouse Management System






9. Collaborative Planning - Forecasting - and Replenishment






10. Management of materials in motion and at rest.






11. 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.






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






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






14. CFE - MSE - MAD - MAPE






15. Delivered Duty Paid






16. Return on Assets.






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






18. Enterprise Resource Planning






19. 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.






20. 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






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






22. Critical part of global supply chains






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






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






25. Order Fill Rate - Perfect Order






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






27. Procurement and Manufacturing - value adding activities






28. 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






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






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






31. Producer to Store - servicing the customer






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






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






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






35. Form - Time - Place - Quantity - Possession






36. Possession Utility






37. Influences product availability






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






40. Materials Requirement Planning






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






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






43. 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).






44. Processes for developing and implementing successful relationship






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






46. Form Utility






47. Reliability - Responsiveness - Flexibility - Cost - Assets






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






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






50. Procurement and Manufacturing - value adding activities