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. Influencing the order - order execution






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






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






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






5. Distribution Requirement Planning






6. 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






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






8. Return on Assets.






9. Warehouse Management System






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






11. Sales and Order Processing






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






13. 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






14. Free Alongside Ship






15. Delivered Duty Paid






16. Electrical Machinery - Power Generation Equipment






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






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






19. Procurement and Manufacturing - value adding activities






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






21. Time - Dependability - Communications - Convenience






22. The ________ is associated with downstream activities.






23. Critical part of global supply chains






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






25. Cost - Insurance - and Freight






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






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






28. Customers trade partnership against terrorism






29. Marketing - Manufacturing/operations - Finance - Accounting






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






31. Organizations require collaboration or cooperation.






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






33. 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.






34. 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.






35. Act as agents for domestic firms in the international arena.






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






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






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






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






41. Vendor

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






43. Measures cost and performance of activities.






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






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






46. Collaborative Planning - Forecasting - and Replenishment






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






48. Producer to Store - servicing the customer






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






50. 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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