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. Relevant - Accurate - Accessible - Timely - Transferable






2. Organizations require collaboration or cooperation.






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






4. Sales and Order Processing






5. 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.






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






7. Distribution Requirement Planning






8. Fast - high rate






9. Warehouse Management System






10. Free On Board






11. Partner






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






13. Plays large part in intermodal shipments.






14. Product/Service - Information - Finance






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






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






17. Time - Dependability - Communications - Convenience






18. 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).






19. Cost and Freight






20. Possession Utility






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






22. Reliability - Responsiveness - Flexibility - Cost - Assets






23. Processes for developing and implementing successful relationship






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






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






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






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






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






29. Time - Quality - Cost - Supporting Metrics






30. Marketing - Manufacturing/operations - Finance - Accounting






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






32. Influencing the order - order execution






33. Enlightened - Educated - easy access to Internet






34. Free Alongside Ship






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






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






37. Transportation Management System






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






39. Right product - right time - right quantity - right quality - right cost - right destination






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






41. CFE - MSE - MAD - MAPE






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






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






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






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






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






47. Customers trade partnership against terrorism






48. Electrical Machinery - Power Generation Equipment.






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

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