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. 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.






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






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






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






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






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






7. Marketing - Manufacturing/operations - Finance - Accounting






8. Vendor

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






10. Critical part of global supply chains






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






12. Influencing the order - order execution






13. Enterprise Resource Planning






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






15. Enlightened - Educated - easy access to Internet






16. Organizations require collaboration or cooperation.






17. Influences product availability






18. Refer to the traditional linkages between firms in the supply chain such as retailers - distributors - manufacturers - and parts and materials suppliers






19. Partner






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






21. Form Utility






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






23. Warehouse Management System






24. Electrical Machinery - Power Generation Equipment






25. Return on Assets.






26. Materials Requirement Planning






27. Processes for developing and implementing successful relationship






28. Challenge is to evaluate and successfully implement the technology






29. Cost and Freight






30. 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.






31. Form - Time - Place - Quantity - Possession






32. Fast - high rate






33. Procurement and Manufacturing - value adding activities






34. Plays large part in intermodal shipments.






35. The ________ is associated with downstream activities.






36. Measures cost and performance of activities.






37. 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.






38. Producer to Store - servicing the customer






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






40. 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






41. Possession Utility






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






43. Reliability - Responsiveness - Flexibility - Cost - Assets






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






45. Delivered Duty Paid






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






47. CFE - MSE - MAD - MAPE






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






49. Canada - China - Mexico






50. 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).