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. Marketing - Manufacturing/operations - Finance - Accounting






2. 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.






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






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






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






6. Warehouse Management System






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






8. Enlightened - Educated - easy access to Internet






9. 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






10. Challenge is to evaluate and successfully implement the technology






11. Cost - Insurance - and Freight






12. Procurement and Manufacturing - value adding activities






13. Materials Requirement Planning






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






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






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. Measures cost and performance of activities.






18. Time - Quality - Cost - Supporting Metrics






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






20. Transportation Management System






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






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






23. Vendor

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






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






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






28. Product/Service - Information - Finance






29. 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






30. Segment Customer Base - Identify the product service package - Develop and execute the best procedures - measure performance continuously






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






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






33. 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).






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






35. Fast - high rate






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






37. Management of materials in motion and at rest.






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






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






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






41. Free Alongside Ship






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






43. Processes for developing and implementing successful relationship






44. 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






45. Customers trade partnership against terrorism






46. Partner






47. Possession Utility






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






49. Business Logistics - Military Logistics - Event Logistics - Service Logistics






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