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






2. Distribution Requirement Planning






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






4. 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






5. Customers trade partnership against terrorism






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






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






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






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






10. Cost - Insurance - and Freight






11. Partner






12. Materials Requirement Planning






13. 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.






14. 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.






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






16. Reliability - Responsiveness - Flexibility - Cost - Assets






17. Getting the Right Things to the Right Place at the Right Time at the lowest cost.






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






19. Time Utility - Place Utility - Quantity Utility






20. Challenge is to evaluate and successfully implement the technology






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






22. Return on Assets.






23. Form Utility






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






25. Deregulation: Transportation - Communications - and Financial Institutions






26. Transportation Management System






27. Time - Quality - Cost - Supporting Metrics






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






29. Time - Dependability - Communications - Convenience






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






31. Delivered Duty Paid






32. Possession Utility






33. Marketing - Manufacturing/operations - Finance - Accounting






34. Enterprise Resource Planning






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






36. Product/Service - Information - Finance






37. 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.


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






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






40. Fast - high rate






41. The ________ is associated with downstream activities.






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






43. Enlightened - Educated - easy access to Internet






44. 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).






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






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






47. Management of materials in motion and at rest.






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






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






50. Free Alongside Ship