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






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






3. Anything that touches the customer






4. Business Logistics - Military Logistics - Event Logistics - Service Logistics






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






6. Collaborative Planning - Forecasting - and Replenishment






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






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






9. Electrical Machinery - Power Generation Equipment






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






11. Cost and Freight






12. Deregulation: Transportation - Communications - and Financial Institutions






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






14. Materials Requirement Planning






15. Canada - China - Mexico






16. 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.






17. 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






18. Order Fill Rate - Perfect Order






19. Time Utility - Place Utility - Quantity Utility






20. Strategically positioning customers to improve the profitability of the organization and enhance its relationship with its customer base






21. 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.






22. Possession Utility






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






24. Plays large part in intermodal shipments.






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






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






27. Product/Service - Information - Finance






28. Return on Assets.






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






30. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






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






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






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






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






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






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






38. 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






39. Form - Time - Place - Quantity - Possession






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






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






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






43. 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






44. Critical part of global supply chains






45. Influences product availability






46. Relevant - Accurate - Accessible - Timely - Transferable






47. Organizations require collaboration or cooperation.






48. Fast - high rate






49. Free On Board






50. Sales and Order Processing