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






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






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






5. Cost and Freight






6. Strategic Alliance






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






8. Form - Time - Place - Quantity - Possession






9. Fast - high rate






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






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






12. Materials Requirement Planning






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






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






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






16. The ________ is associated with downstream activities.






17. Management of materials in motion and at rest.






18. Canada - China - Mexico






19. Plays large part in intermodal shipments.






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






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






22. Electrical Machinery - Power Generation Equipment






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






24. Time - Dependability - Communications - Convenience






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






26. Time Utility - Place Utility - Quantity Utility






27. Partner






28. 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






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






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






31. Item Fill Rate - Line Fill Rate






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






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






34. Cost - Insurance - and Freight






35. Enterprise Resource Planning






36. Organizations require collaboration or cooperation.






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






38. Electrical Machinery - Power Generation Equipment.






39. 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).






40. Distribution Requirement Planning






41. Procurement and Manufacturing - value adding activities






42. Sales and Order Processing






43. Customers trade partnership against terrorism






44. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service






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






46. Collaborative Planning - Forecasting - and Replenishment






47. Reliability - Responsiveness - Flexibility - Cost - Assets






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






49. Relevant - Accurate - Accessible - Timely - Transferable






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