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






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






4. Free On Board






5. Management of materials in motion and at rest.






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






7. Measures cost and performance of activities.






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






9. Order Fill Rate - Perfect Order






10. Strategic Alliance






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






12. Deregulation: Transportation - Communications - and Financial Institutions






13. 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






14. Vendor

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


15. Reliability - Responsiveness - Flexibility - Cost - Assets






16. Form Utility






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






18. Processes for developing and implementing successful relationship






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






20. Relevant - Accurate - Accessible - Timely - Transferable






21. Cost - Insurance - and Freight






22. Electrical Machinery - Power Generation Equipment






23. Time - Quality - Cost - Supporting Metrics






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






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






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






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






28. 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






29. Cost and Freight






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






31. 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






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






33. 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.






34. Possession Utility






35. Time Utility - Place Utility - Quantity Utility






36. The art and science of management - engineering - and technical activities concerned with requirements - design - and supplying and maintaining resources to support objectives - plans - and operations.






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






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






39. Free Alongside Ship






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






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






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






43. Enterprise Resource Planning






44. Form - Time - Place - Quantity - Possession






45. Materials Requirement Planning






46. Plays large part in intermodal shipments.






47. Critical part of global supply chains






48. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






50. CFE - MSE - MAD - MAPE