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. Procurement and Manufacturing - value adding activities






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






3. Canada - China - Mexico






4. Cost and Freight






5. The most pervasive and important global shipment method. Low rates - wide variety of products






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






7. Form - Time - Place - Quantity - Possession






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






9. 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.






10. 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






11. Measures cost and performance of activities.






12. Enlightened - Educated - easy access to Internet






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






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






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






16. Possession Utility






17. Electrical Machinery - Power Generation Equipment






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






19. Critical part of global supply chains






20. Plays large part in intermodal shipments.






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






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






23. Processes for developing and implementing successful relationship






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






25. Delivered Duty Paid






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






27. 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.






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






29. Fast - high rate






30. Warehouse Management System






31. Anything that touches the customer






32. Partner






33. Producer to Store - servicing the customer






34. Materials Requirement Planning






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






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






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






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






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






40. Right product - right time - right quantity - right quality - right cost - right destination






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






42. Free Alongside Ship






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. Order Fill Rate - Perfect Order






45. Influences product availability






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






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






48. Collaborative Planning - Forecasting - and Replenishment






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






50. Product/Service - Information - Finance