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






2. Electrical Machinery - Power Generation Equipment.






3. Anything that touches the customer






4. Free Alongside Ship






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. CFE - MSE - MAD - MAPE






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






8. Sales and Order Processing






9. Return on Assets.






10. 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).






11. 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.






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






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






14. Challenge is to evaluate and successfully implement the technology






15. Cost and Freight






16. 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






17. Warehouse Management System






18. 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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19. Procurement and Manufacturing - value adding activities






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






21. Enterprise Resource Planning






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






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






24. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






26. Customers trade partnership against terrorism






27. Collaborative Planning - Forecasting - and Replenishment






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






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






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






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






32. Partner






33. Marketing - Manufacturing/operations - Finance - Accounting






34. Measures cost and performance of activities.






35. Distribution Requirement Planning






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






37. The ________ is associated with downstream activities.






38. 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.






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






40. Electrical Machinery - Power Generation Equipment






41. Deregulation: Transportation - Communications - and Financial Institutions






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






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






44. Business Logistics - Military Logistics - Event Logistics - Service Logistics






45. Strategic Alliance






46. Management of Product/Service - Information - and Cash Flows.






47. Producer to Store - servicing the customer






48. Delivered Duty Paid






49. Possession Utility






50. Reliability - Responsiveness - Flexibility - Cost - Assets