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. Possession Utility






2. Measures cost and performance of activities.






3. Reliability - Responsiveness - Flexibility - Cost - Assets






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






5. Enterprise Resource Planning






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






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






8. Procurement and Manufacturing - value adding activities






9. 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).






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






11. Free Alongside Ship






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






13. Producer to Store - servicing the customer






14. Management of materials in motion and at rest.






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






16. Electrical Machinery - Power Generation Equipment






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






18. Time - Quality - Cost - Supporting Metrics






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






20. Product/Service - Information - Finance






21. The ________ is associated with downstream activities.






22. Order Fill Rate - Perfect Order






23. Electrical Machinery - Power Generation Equipment.






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






25. Enlightened - Educated - easy access to Internet






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






27. Free On Board






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






29. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






30. Organizations require collaboration or cooperation.






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






33. CFE - MSE - MAD - MAPE






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






36. 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






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






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






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






40. Delivered Duty Paid






41. Getting the right product - to the right customer - in the right quantity - in the right condition - at the right place - at the right time - and at the right cost.






42. Influences product availability






43. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.






44. 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






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






46. 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.






47. 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.






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. Fast - high rate






50. The most pervasive and important global shipment method. Low rates - wide variety of products