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






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






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






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






5. Free On Board






6. Vendor

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7. Critical part of global supply chains






8. Free Alongside Ship






9. 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






10. Warehouse Management System






11. Influences product availability






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






14. Cost - Insurance - and Freight






15. 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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16. Fast - high rate






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






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






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






20. Electrical Machinery - Power Generation Equipment.






21. Reliability - Responsiveness - Flexibility - Cost - Assets






22. Collaborative Planning - Forecasting - and Replenishment






23. Measures cost and performance of activities.






24. Business Logistics - Military Logistics - Event Logistics - Service Logistics






25. Order Fill Rate - Perfect Order






26. Distribution Requirement Planning






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






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






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






31. 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.






32. Time Utility - Place Utility - Quantity Utility






33. Management of materials in motion and at rest.






34. Challenge is to evaluate and successfully implement the technology






35. 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).






36. Delivered Duty Paid






37. The ________ is associated with downstream activities.






38. Deregulation: Transportation - Communications - and Financial Institutions






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






40. Time - Quality - Cost - Supporting Metrics






41. Transportation Management System






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. Providing time and place utility/value of materials and products in support of Functional management organization objectives.






44. Strategic Alliance






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






46. Time - Dependability - Communications - Convenience






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






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






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






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