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. Strategic Alliance






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






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






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






5. Vendor

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6. Time - Dependability - Communications - Convenience






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






8. 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






9. Producer to Store - servicing the customer






10. Marketing - Manufacturing/operations - Finance - Accounting






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






12. Canada - China - Mexico






13. Electrical Machinery - Power Generation Equipment.






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






15. Cost - Insurance - and Freight






16. The ________ is associated with downstream activities.






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






18. Item Fill Rate - Line Fill Rate






19. Free On Board






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






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






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

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






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






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






27. Challenge is to evaluate and successfully implement the technology






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






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






30. 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.






31. Time - Quality - Cost - Supporting Metrics






32. 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






33. 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.






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






35. Form Utility






36. Cost and Freight






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






38. Warehouse Management System






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






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






41. Anything that touches the customer






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






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






44. Time Utility - Place Utility - Quantity Utility






45. Reliability - Responsiveness - Flexibility - Cost - Assets






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






47. 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).






48. Order Fill Rate - Perfect Order






49. Collaborative Planning - Forecasting - and Replenishment






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