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






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






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






4. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility






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






6. Time Utility - Place Utility - Quantity Utility






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






8. Procurement and Manufacturing - value adding activities






9. Collaborative Planning - Forecasting - and Replenishment






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






11. Enterprise Resource Planning






12. 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






13. Primarily created through the basic marketing activities related to the promotion of products and services -






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






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






16. CFE - MSE - MAD - MAPE






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. Warehouse Management System






19. Electrical Machinery - Power Generation Equipment






20. 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






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






22. Strategic Alliance






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






24. Influences product availability






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






26. Challenge is to evaluate and successfully implement the technology






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






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






29. Cost and Freight






30. Form Utility






31. Possession Utility






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






33. Critical part of global supply chains






34. Transportation Management System






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






36. Delivered Duty Paid






37. Influencing the order - order execution






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






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






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






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






42. Order Fill Rate - Perfect Order






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

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






45. Organizations require collaboration or cooperation.






46. Anything that touches the customer






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






48. Vendor

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






50. Free On Board