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






2. Free Alongside Ship






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






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






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






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






7. Item Fill Rate - Line Fill Rate






8. Marketing - Manufacturing/operations - Finance - Accounting






9. Management of materials in motion and at rest.






10. Delivered Duty Paid






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






12. Canada - China - Mexico






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

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


14. Processes for developing and implementing successful relationship






15. Relevant - Accurate - Accessible - Timely - Transferable






16. Electrical Machinery - Power Generation Equipment






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






18. 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.






19. Return on Assets.






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






21. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico






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






23. The time that elapses from when a buyer places an order until receipt of the order






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






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






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






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






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






29. 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






30. Order Fill Rate - Perfect Order






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






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






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






34. Challenge is to evaluate and successfully implement the technology






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






36. 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.






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






38. Producer to Store - servicing the customer






39. Focuses on the outbound side of of a firm's logistics system.






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






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






42. Procurement and Manufacturing - value adding activities






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






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






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






46. Free On Board






47. 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






48. Collaborative Planning - Forecasting - and Replenishment






49. Critical part of global supply chains






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