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. Enterprise Resource Planning






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






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






4. Organizations require collaboration or cooperation.






5. Vendor


6. Cost - Insurance - and Freight






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






8. Item Fill Rate - Line Fill Rate






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






10. Influences product availability






11. 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.






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






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






14. Time Utility - Place Utility - Quantity Utility






15. 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






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






17. Time - Quality - Cost - Supporting Metrics






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






19. Materials Requirement Planning






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






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






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






23. Form Utility






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






25. Procurement and Manufacturing - value adding activities






26. Customers trade partnership against terrorism






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






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






29. Influencing the order - order execution






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






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






32. 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






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






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






35. Form - Time - Place - Quantity - Possession






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






37. Product/Service - Information - Finance






38. Electrical Machinery - Power Generation Equipment






39. Return on Assets.






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


41. Order Fill Rate - Perfect Order






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






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






44. The ________ is associated with downstream activities.






45. 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






46. Free On Board






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






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






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






50. 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.