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. Materials Requirement Planning






2. 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






3. Product/Service - Information - Finance






4. Delivered Duty Paid






5. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility






6. Plays large part in intermodal shipments.






7. Influences product availability






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






9. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation






10. Right product - right time - right quantity - right quality - right cost - right destination






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






12. 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.






13. 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






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






15. 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






16. Reliability - Responsiveness - Flexibility - Cost - Assets






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






18. 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.






19. Fast - high rate






20. Time Utility - Place Utility - Quantity Utility






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






22. Deregulation: Transportation - Communications - and Financial Institutions






23. Procurement and Manufacturing - value adding activities






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

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






26. Challenge is to evaluate and successfully implement the technology






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






28. Producer to Store - servicing the customer






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






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






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






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






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






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






35. Measures cost and performance of activities.






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






37. Free On Board






38. Collaborative Planning - Forecasting - and Replenishment






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






40. CFE - MSE - MAD - MAPE






41. Vendor

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






43. Time - Dependability - Communications - Convenience






44. Marketing - Manufacturing/operations - Finance - Accounting






45. Getting the right product - to the right customer - in the right quantity - in the right condition - at the right place - at the right time - and at the right cost.

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






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






48. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






49. Enlightened - Educated - easy access to Internet






50. Organizations require collaboration or cooperation.