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. Item Fill Rate - Line Fill Rate






2. Time - Quality - Cost - Supporting Metrics






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






4. Warehouse Management System






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






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. Concern and potential challenge since 9/11. Must be prepared for terrorist attack.






9. Organizations require collaboration or cooperation.






10. Deregulation: Transportation - Communications - and Financial Institutions






11. Processes for developing and implementing successful relationship






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






13. The ________ is associated with downstream activities.






14. Relevant - Accurate - Accessible - Timely - Transferable






15. Possession Utility






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






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






18. Electrical Machinery - Power Generation Equipment.






19. 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.


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






21. Collaborative Planning - Forecasting - and Replenishment






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






23. Marketing - Manufacturing/operations - Finance - Accounting






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






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






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






27. Right product - right time - right quantity - right quality - right cost - right destination






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






29. Materials Requirement Planning






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






31. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






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






34. Form Utility






35. 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.






36. Fast - high rate






37. 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).






38. Influences product availability






39. Vendor


40. Delivered Duty Paid






41. Cost and Freight






42. Adding value to products by making them available when they're needed.






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






44. Challenge is to evaluate and successfully implement the technology






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






46. Anything that touches the customer






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






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






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






50. Enterprise Resource Planning