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. Electrical Machinery - Power Generation Equipment.






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






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






4. CFE - MSE - MAD - MAPE






5. Reliability - Responsiveness - Flexibility - Cost - Assets






6. Anything that touches the customer






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






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






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






10. Electrical Machinery - Power Generation Equipment






11. 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






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






13. Possession Utility






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






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






17. Time Utility - Place Utility - Quantity Utility






18. Order Fill Rate - Perfect Order






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






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






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

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22. Enterprise Resource Planning






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






24. Time - Quality - Cost - Supporting Metrics






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






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






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






29. Management of materials in motion and at rest.






30. Procurement and Manufacturing - value adding activities






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






32. Transportation Management System






33. Free Alongside Ship






34. 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.






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






36. Sales and Order Processing






37. Collaborative Planning - Forecasting - and Replenishment






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






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






40. Influences product availability






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






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






44. Procurement and Manufacturing - value adding activities






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






46. Cost and Freight






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






48. The ________ is associated with downstream activities.






49. Partner






50. Return on Assets.