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






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






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






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






5. Cost - Insurance - and Freight






6. Processes for developing and implementing successful relationship






7. Electrical Machinery - Power Generation Equipment






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






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






11. 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.






12. Anything that touches the customer






13. Management of materials in motion and at rest.






14. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.






15. Challenge is to evaluate and successfully implement the technology






16. Influencing the order - order execution






17. Relevant - Accurate - Accessible - Timely - Transferable






18. Vendor


19. The management of the movement of materials and information within - into - and out of the firm






20. 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






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






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






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






24. Reliability - Responsiveness - Flexibility - Cost - Assets






25. Marketing - Manufacturing/operations - Finance - Accounting






26. Time Utility - Place Utility - Quantity Utility






27. Cost and Freight






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






29. Strategic Alliance






30. Order Fill Rate - Perfect Order






31. Procurement and Manufacturing - value adding activities






32. Enlightened - Educated - easy access to Internet






33. 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






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






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






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






37. Form Utility






38. Possession Utility






39. Critical part of global supply chains






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






41. Partner






42. 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






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






44. 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.






45. Canada - China - Mexico






46. Time - Quality - Cost - Supporting Metrics






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


48. Delivered Duty Paid






49. Warehouse Management System






50. Organizations require collaboration or cooperation.