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. Return on Assets.






2. Current 1. WMS 2. Web-enabled communication 3. Visibility tools 4. TMS - Future 1. RFID 2. Collaboration tools 3. Supply chain planning and visibility tools






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






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






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






6. Enlightened - Educated - easy access to Internet






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






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






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






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






11. Marketing - Manufacturing/operations - Finance - Accounting






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. Measures cost and performance of activities.






14. Distribution Requirement Planning






15. 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.






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






17. Partner






18. Possession Utility






19. Procurement and Manufacturing - value adding activities






20. Anything that touches the customer






21. Customers trade partnership against terrorism






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






23. Canada - China - Mexico






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






25. Fast - high rate






26. 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






27. 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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28. Influencing the order - order execution






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






30. 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).






31. Product/Service - Information - Finance






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






33. Represents an alternative that may imply even greater involvement than the partnership or strategic alliance






34. Warehouse Management System






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






36. Business Logistics - Military Logistics - Event Logistics - Service Logistics






37. Procurement and Manufacturing - value adding activities






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






39. Processes for developing and implementing successful relationship






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






41. Strategic Alliance






42. Item Fill Rate - Line Fill Rate






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






44. Time - Dependability - Communications - Convenience






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






46. Enterprise Resource Planning






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






48. Influences product availability






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






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