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






2. Vendor


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






4. 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.






5. Electrical Machinery - Power Generation Equipment






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






7. CFE - MSE - MAD - MAPE






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






9. Cost - Insurance - and Freight






10. 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.






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






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






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






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






15. Time - Quality - Cost - Supporting Metrics






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






17. The process of planning - implementing - and controlling the efficient - effective flow and storage of goods - services - and related information from the point of origin to the point of consumption for the purpose of conforming to customer requ






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






19. Free Alongside Ship






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






21. 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






22. Refer to the traditional linkages between firms in the supply chain such as retailers - distributors - manufacturers - and parts and materials suppliers






23. Influencing the order - order execution






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






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






26. Return on Assets.






27. Form Utility






28. Right: information - partner - quantity - format - time - place - cost


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






30. Procurement and Manufacturing - value adding activities






31. Customers trade partnership against terrorism






32. Item Fill Rate - Line Fill Rate






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






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






35. Procurement and Manufacturing - value adding activities






36. Possession Utility






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






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






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






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






41. Order Fill Rate - Perfect Order






42. Materials Requirement Planning






43. The ________ is associated with downstream activities.






44. Measures cost and performance of activities.






45. Distribution Requirement Planning






46. Management of materials in motion and at rest.






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






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






49. Canada - China - Mexico






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