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. Reliability - Responsiveness - Flexibility - Cost - Assets






2. Product/Service - Information - Finance






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






6. 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






7. Materials Requirement Planning






8. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)






9. Free Alongside Ship






10. Enlightened - Educated - easy access to Internet






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






12. Partner






13. Influencing the order - order execution






14. Influences product availability






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






16. Deregulation: Transportation - Communications - and Financial Institutions






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






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






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






20. 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






21. Organizations require collaboration or cooperation.






22. Cost - Insurance - and Freight






23. Anything that touches the customer






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






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






26. Customers trade partnership against terrorism






27. Possession Utility






28. Processes for developing and implementing successful relationship






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






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






31. Warehouse Management System






32. 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.






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






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






35. 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






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






37. Time Utility - Place Utility - Quantity Utility






38. Procurement and Manufacturing - value adding activities






39. Plays large part in intermodal shipments.






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






41. 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).






42. Critical part of global supply chains






43. Vendor

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






45. Fast - high rate






46. Producer to Store - servicing the customer






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






48. Measures cost and performance of activities.






49. Delivered Duty Paid






50. 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.