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. Collaborative Planning - Forecasting - and Replenishment






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






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






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






5. CFE - MSE - MAD - MAPE






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






7. 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.






8. Distribution Requirement Planning






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






10. Order Fill Rate - Perfect Order






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






12. 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.






13. Organizations require collaboration or cooperation.






14. Form Utility






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






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






17. Management of materials in motion and at rest.






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






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






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






21. Marketing - Manufacturing/operations - Finance - Accounting






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






23. Return on Assets.






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






25. The ________ is associated with downstream activities.






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






27. Warehouse Management System






28. Free Alongside Ship






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






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






31. Challenge is to evaluate and successfully implement the technology






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






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






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






35. 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






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






37. 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






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






39. Customers trade partnership against terrorism






40. Relevant - Accurate - Accessible - Timely - Transferable






41. Item Fill Rate - Line Fill Rate






42. Product/Service - Information - Finance






43. Time - Quality - Cost - Supporting Metrics






44. 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






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






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






47. Producer to Store - servicing the customer






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






49. 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).






50. Influences product availability