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






2. 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






3. Management of materials in motion and at rest.






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






5. Plays large part in intermodal shipments.






6. Procurement and Manufacturing - value adding activities






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






8. Possession Utility






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






10. Partner






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






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






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






14. Producer to Store - servicing the customer






15. Business Logistics - Military Logistics - Event Logistics - Service Logistics






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






17. Form - Time - Place - Quantity - Possession






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






19. Relevant - Accurate - Accessible - Timely - Transferable






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






21. Vendor

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22. Return on Assets.






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






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






25. Customers trade partnership against terrorism






26. Electrical Machinery - Power Generation Equipment.






27. Enterprise Resource Planning






28. Processes for developing and implementing successful relationship






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






30. Materials Requirement Planning






31. Cost - Insurance - and Freight






32. Influencing the order - order execution






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






34. Sales and Order Processing






35. Warehouse Management System






36. Marketing - Manufacturing/operations - Finance - Accounting






37. Time - Quality - Cost - Supporting Metrics






38. Product/Service - Information - Finance






39. Order Fill Rate - Perfect Order






40. Delivered Duty Paid






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






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






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






44. Measures cost and performance of activities.






45. Reliability - Responsiveness - Flexibility - Cost - Assets






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






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






48. Time - Dependability - Communications - Convenience






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






50. Primarily created through the basic marketing activities related to the promotion of products and services -