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. Time - Dependability - Communications - Convenience






2. 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.






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






4. Free On Board






5. Processes for developing and implementing successful relationship






6. Free Alongside Ship






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






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






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






10. Relevant - Accurate - Accessible - Timely - Transferable






11. The ________ is associated with downstream activities.






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






13. Business Logistics - Military Logistics - Event Logistics - Service Logistics






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






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






16. Possession Utility






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






18. Enterprise Resource Planning






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






20. Cost and Freight






21. Form - Time - Place - Quantity - Possession






22. Materials Requirement Planning






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






24. Critical part of global supply chains






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

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






27. Sales and Order Processing






28. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






29. Distribution Requirement Planning






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






31. 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.






32. Warehouse Management System






33. Product/Service - Information - Finance






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






35. 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).






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






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






38. Partner






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






40. 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






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






42. Organizations require collaboration or cooperation.






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






44. Return on Assets.






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






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






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






48. 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






49. Collaborative Planning - Forecasting - and Replenishment






50. Influencing the order - order execution