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. Procurement and Manufacturing - value adding activities






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






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






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






5. 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.






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






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






8. Influencing the order - order execution






9. 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.






10. 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






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






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






13. Customers trade partnership against terrorism






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






15. Vendor

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16. Canada - China - Mexico






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






18. Measures cost and performance of activities.






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






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






21. The ________ is associated with downstream activities.






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






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






24. Business Logistics - Military Logistics - Event Logistics - Service Logistics






25. Relevant - Accurate - Accessible - Timely - Transferable






26. 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.






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






28. Marketing - Manufacturing/operations - Finance - Accounting






29. Electrical Machinery - Power Generation Equipment.






30. Materials Requirement Planning






31. Transportation Management System






32. Delivered Duty Paid






33. Free Alongside Ship






34. Management of materials in motion and at rest.






35. Warehouse Management System






36. Challenge is to evaluate and successfully implement the technology






37. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






39. Reliability - Responsiveness - Flexibility - Cost - Assets






40. Form Utility






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






42. Partner






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






44. 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






45. Processes for developing and implementing successful relationship






46. Time - Dependability - Communications - Convenience






47. Strategic Alliance






48. Represents an alternative that may imply even greater involvement than the partnership or strategic alliance






49. Deregulation: Transportation - Communications - and Financial Institutions






50. Influences product availability