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. Sales and Order Processing






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. 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






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






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






6. Primarily created through the basic marketing activities related to the promotion of products and services -






7. Order Fill Rate - Perfect Order






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






9. Producer to Store - servicing the customer






10. Distribution Requirement Planning






11. Influences product availability






12. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service






13. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






14. Form - Time - Place - Quantity - Possession






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






16. Marketing - Manufacturing/operations - Finance - Accounting






17. Transportation Management System






18. Time - Dependability - Communications - Convenience






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






20. Enlightened - Educated - easy access to Internet






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






22. Relevant - Accurate - Accessible - Timely - Transferable






23. Collaborative Planning - Forecasting - and Replenishment






24. 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.






25. Management of materials in motion and at rest.






26. Return on Assets.






27. Strategic Alliance






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






29. The ________ is associated with downstream activities.






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






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






32. Procurement and Manufacturing - value adding activities






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






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






35. Measures cost and performance of activities.






36. 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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37. 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.






38. Enterprise Resource Planning






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






40. Deregulation: Transportation - Communications - and Financial Institutions






41. Free Alongside Ship






42. Increased complexity for organizations (from SKUs to trade regulations) is a problem. Organizations should simplify.






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






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






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






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






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






48. Plays large part in intermodal shipments.






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






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