Test your basic knowledge |

Business Logistics Management

Subject : business-skills
  • Answer 50 questions in 15 minutes.
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  • Match each statement with the correct term.
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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. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation

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

3. Partner

4. Assembles and manages the resources - capabilities - and technology of its own organization with those of complementary service providers to deliver a comprehensive supply chain solution.

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

6. Warehouse Management System

7. Processes for developing and implementing successful relationship

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

9. Deregulation: Transportation - Communications - and Financial Institutions

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

11. Time - Quality - Cost - Supporting Metrics

12. Return on Assets.

13. Challenge is to evaluate and successfully implement the technology

14. 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.

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

16. Relevant - Accurate - Accessible - Timely - Transferable

17. Collaborative Planning - Forecasting - and Replenishment

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

19. Enterprise Resource Planning

20. Influencing the order - order execution

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

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

23. 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).

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

25. 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

26. 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

27. Form - Time - Place - Quantity - Possession

28. Organizations require collaboration or cooperation.

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

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

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

32. Anything that touches the customer

33. Distribution Requirement Planning

34. Electrical Machinery - Power Generation Equipment

35. Possession Utility

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

37. Product/Service - Information - Finance

38. Time Utility - Place Utility - Quantity Utility

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

40. Cost and Freight

41. Procurement and Manufacturing - value adding activities

42. Reliability - Responsiveness - Flexibility - Cost - Assets

43. Procurement and Manufacturing - value adding activities

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

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

46. CFE - MSE - MAD - MAPE

47. 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

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

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

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