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






3. Marketing - Manufacturing/operations - Finance - Accounting






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






5. Distribution Requirement Planning






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






7. Electrical Machinery - Power Generation Equipment.






8. Product/Service - Information - Finance






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






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






11. Challenge is to evaluate and successfully implement the technology






12. Free Alongside Ship






13. Organizations require collaboration or cooperation.






14. Plays large part in intermodal shipments.






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






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






17. 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






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






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






20. Reliability - Responsiveness - Flexibility - Cost - Assets






21. Processes for developing and implementing successful relationship






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






23. Possession Utility






24. Customers trade partnership against terrorism






25. 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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26. Warehouse Management System






27. Enlightened - Educated - easy access to Internet






28. Transportation Management System






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






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






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






32. Procurement and Manufacturing - value adding activities






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






34. Sales and Order Processing






35. Vendor

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






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






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






39. The management of the movement of materials and information within - into - and out of the firm






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






41. Procurement and Manufacturing - value adding activities






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






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






44. 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






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






46. Deregulation: Transportation - Communications - and Financial Institutions






47. Item Fill Rate - Line Fill Rate






48. Relevant - Accurate - Accessible - Timely - Transferable






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






50. Critical part of global supply chains