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






2. Enterprise Resource Planning






3. Relevant - Accurate - Accessible - Timely - Transferable






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






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






6. Strategic Alliance






7. Customers trade partnership against terrorism






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






9. Sales and Order Processing






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






11. Anything that touches the customer






12. Delivered Duty Paid






13. 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).






14. Producer to Store - servicing the customer






15. Assembles and manages the resources - capabilities - and technology of its own organization with those of complementary service providers to deliver a comprehensive supply chain solution.






16. The ________ is associated with downstream activities.






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






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






19. Collaborative Planning - Forecasting - and Replenishment






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






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






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






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






24. 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






25. Enlightened - Educated - easy access to Internet






26. Time - Quality - Cost - Supporting Metrics






27. Free Alongside Ship






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






29. Possession Utility






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






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






32. Vendor

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






34. Business Logistics - Military Logistics - Event Logistics - Service Logistics






35. 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.






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

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37. Measures cost and performance of activities.






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






39. CFE - MSE - MAD - MAPE






40. Time - Dependability - Communications - Convenience






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






42. Product/Service - Information - Finance






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






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






45. Distribution Requirement Planning






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






47. Form Utility






48. 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






49. Electrical Machinery - Power Generation Equipment






50. Influences product availability