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. Product/Service - Information - Finance






2. Vendor

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






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






5. Time - Quality - Cost - Supporting Metrics






6. Business Logistics - Military Logistics - Event Logistics - Service Logistics






7. Free Alongside Ship






8. Management of materials in motion and at rest.






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






10. Time - Dependability - Communications - Convenience






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






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






13. Return on Assets.






14. The ________ is associated with downstream activities.






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






16. 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






17. Transportation - Warehousing and storage - Industrial packaging - Materials handling - Inventory control - Order fulfillment - Demand forecasting - Production planning/scheduling - Procurement - Customer service - Facility location - Return goods han






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






19. Marketing - Manufacturing/operations - Finance - Accounting






20. Materials Requirement Planning






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






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






23. Strategic Alliance






24. Challenge is to evaluate and successfully implement the technology






25. Distribution Requirement Planning






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






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






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

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29. Delivered Duty Paid






30. Partner






31. 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






32. Sales and Order Processing






33. Measures cost and performance of activities.






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






35. CFE - MSE - MAD - MAPE






36. Cost - Insurance - and Freight






37. Fast - high rate






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






39. Enterprise Resource Planning






40. Organizations require collaboration or cooperation.






41. Enlightened - Educated - easy access to Internet






42. 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).






43. Procurement and Manufacturing - value adding activities






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






45. Electrical Machinery - Power Generation Equipment






46. Transportation Management System






47. 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






48. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






49. Free On Board






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