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. Distribution Requirement Planning






2. Marketing - Manufacturing/operations - Finance - Accounting






3. Enlightened - Educated - easy access to Internet






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

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5. 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.






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






7. Free On Board






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






9. Value added by delivering the proper amount of a good.






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






11. Procurement and Manufacturing - value adding activities






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






13. Time Utility - Place Utility - Quantity Utility






14. Canada - China - Mexico






15. Possession Utility






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






17. Deregulation: Transportation - Communications - and Financial Institutions






18. Delivered Duty Paid






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






20. 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.






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






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






23. 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






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






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






26. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation






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






28. Order Fill Rate - Perfect Order






29. Anything that touches the customer






30. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






31. CFE - MSE - MAD - MAPE






32. Reliability - Responsiveness - Flexibility - Cost - Assets






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






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






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






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






37. Electrical Machinery - Power Generation Equipment






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






39. Partner






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






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






42. Cost and Freight






43. Vendor

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44. Time - Quality - Cost - Supporting Metrics






45. Free Alongside Ship






46. Form Utility






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






48. Critical part of global supply chains






49. 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.

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50. Transportation Management System