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






2. Processes for developing and implementing successful relationship






3. Enterprise Resource Planning






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






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

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6. Free On Board






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. Possession Utility






9. Canada - China - Mexico






10. Return on Assets.






11. Free Alongside Ship






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






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






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






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






16. 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






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






18. Cost - Insurance - and Freight






19. Influences product availability






20. Procurement and Manufacturing - value adding activities






21. Electrical Machinery - Power Generation Equipment






22. Marketing - Manufacturing/operations - Finance - Accounting






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






24. Collaborative Planning - Forecasting - and Replenishment






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. Cost and Freight






27. Segment Customer Base - Identify the product service package - Develop and execute the best procedures - measure performance continuously






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






29. Transportation Management System






30. 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.






31. Measures cost and performance of activities.






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






33. Form Utility






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






35. 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.






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






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






38. Electrical Machinery - Power Generation Equipment.






39. 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






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






41. Plays large part in intermodal shipments.






42. Order Fill Rate - Perfect Order






43. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






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






46. Strategic Alliance






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






48. Sales and Order Processing






49. Enlightened - Educated - easy access to Internet






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