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. Measures cost and performance of activities.






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






3. Analyze and evaluate on organizations efficiency over a time period.






4. Warehouse Management System






5. 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.






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






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






8. 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






9. Enterprise Resource Planning






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






11. Influencing the order - order execution






12. Materials Requirement Planning






13. Cost and Freight






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






15. Challenge is to evaluate and successfully implement the technology






16. Return on Assets.






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






18. Marketing - Manufacturing/operations - Finance - Accounting






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






20. Fast - high rate






21. Procurement and Manufacturing - value adding activities






22. Relevant - Accurate - Accessible - Timely - Transferable






23. The process of planning - implementing - and controlling the efficient - effective flow and storage of goods - services - and related information from the point of origin to the point of consumption for the purpose of conforming to customer requ






24. Customers trade partnership against terrorism






25. Anything that touches the customer






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






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






28. Time - Dependability - Communications - Convenience






29. Item Fill Rate - Line Fill Rate






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






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






32. Free Alongside Ship






33. Free On Board






34. Producer to Store - servicing the customer






35. Deregulation: Transportation - Communications - and Financial Institutions






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






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






38. Time Utility - Place Utility - Quantity Utility






39. Influences product availability






40. Sales and Order Processing






41. Vendor

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






43. Collaborative Planning - Forecasting - and Replenishment






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






45. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






46. Electrical Machinery - Power Generation Equipment.






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






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






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

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