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






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






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






4. Reliability - Responsiveness - Flexibility - Cost - Assets






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






6. Time - Quality - Cost - Supporting Metrics






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






8. Enlightened - Educated - easy access to Internet






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






10. Possession Utility






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






12. 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).






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






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






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






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






17. Warehouse Management System






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






19. Measures cost and performance of activities.






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






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






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






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






24. Influencing the order - order execution






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






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






27. Vendor

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






29. Cost - Insurance - and Freight






30. Order Fill Rate - Perfect Order






31. Processes for developing and implementing successful relationship






32. 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.






33. Free On Board






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






35. Strategic Alliance






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






37. Time Utility - Place Utility - Quantity Utility






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

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39. Cost and Freight






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






41. Form - Time - Place - Quantity - Possession






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






43. 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.






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






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






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






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






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






49. Plays large part in intermodal shipments.






50. Product/Service - Information - Finance