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. Procurement and Manufacturing - value adding activities






2. Time - Dependability - Communications - Convenience






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






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






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






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






7. Cost and Freight






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






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






10. Plays large part in intermodal shipments.






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






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






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






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






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






16. Vendor

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17. Organizations require collaboration or cooperation.






18. Providing time and place utility/value of materials and products in support of Functional management organization objectives.






19. 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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20. Transportation Management System






21. Sales and Order Processing






22. 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.






23. 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.






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






25. 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






26. Canada - China - Mexico






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






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






29. Item Fill Rate - Line Fill Rate






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






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






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






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






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






35. Enterprise Resource Planning






36. Warehouse Management System






37. Business Logistics - Military Logistics - Event Logistics - Service Logistics






38. Electrical Machinery - Power Generation Equipment






39. Deregulation: Transportation - Communications - and Financial Institutions






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






41. That part of the supply chain process that plans - implements - and controls the efficient - effective flow and storage of goods - services - and related information from point of origin to point of consumption in order to meet customer requirem






42. Return on Assets.






43. Possession Utility






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






45. 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).






46. 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






47. Strategic Alliance






48. Materials Requirement Planning






49. Time - Quality - Cost - Supporting Metrics






50. Electrical Machinery - Power Generation Equipment.