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






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






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






4. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






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






7. 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






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






9. Return on Assets.






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






11. Organizations require collaboration or cooperation.






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






13. Measures cost and performance of activities.






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






15. 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).






16. 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.






17. Influencing the order - order execution






18. Time - Quality - Cost - Supporting Metrics






19. Influences product availability






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






21. Marketing - Manufacturing/operations - Finance - Accounting






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






23. Delivered Duty Paid






24. Sales and Order Processing






25. The art and science of management - engineering - and technical activities concerned with requirements - design - and supplying and maintaining resources to support objectives - plans - and operations.






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






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






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






29. Cost and Freight






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






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






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






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






34. Vendor


35. Collaborative Planning - Forecasting - and Replenishment






36. 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






37. Reliability - Responsiveness - Flexibility - Cost - Assets






38. Business Logistics - Military Logistics - Event Logistics - Service Logistics






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






40. Critical part of global supply chains






41. 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






42. Product/Service - Information - Finance






43. Fast - high rate






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






45. Form Utility






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






47. Materials Requirement Planning






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






49. Deregulation: Transportation - Communications - and Financial Institutions






50. Electrical Machinery - Power Generation Equipment