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. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






2. Enlightened - Educated - easy access to Internet






3. Marketing - Manufacturing/operations - Finance - Accounting






4. Warehouse Management System






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






6. 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.






7. Partner






8. Processes for developing and implementing successful relationship






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






10. Plays large part in intermodal shipments.






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






12. Procurement and Manufacturing - value adding activities






13. Materials Requirement Planning






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






15. Canada - China - Mexico






16. Cost and Freight






17. 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).






18. The ________ is associated with downstream activities.






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






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






21. Sales and Order Processing






22. Challenge is to evaluate and successfully implement the technology






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






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






25. Relevant - Accurate - Accessible - Timely - Transferable






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






27. Deregulation: Transportation - Communications - and Financial Institutions






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






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






30. Form Utility






31. Business Logistics - Military Logistics - Event Logistics - Service Logistics






32. Free On Board






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






34. Transportation Management System






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






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






37. Item Fill Rate - Line Fill Rate






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






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






40. Enterprise Resource Planning






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






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






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






44. Measures cost and performance of activities.






45. Vendor

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






47. CFE - MSE - MAD - MAPE






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






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






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