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






2. Product/Service - Information - Finance






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






4. Canada - China - Mexico






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






6. Plays large part in intermodal shipments.






7. Vendor

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8. Anything that touches the customer






9. The ________ is associated with downstream activities.






10. Distribution Requirement Planning






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






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






13. 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






14. Time - Dependability - Communications - Convenience






15. Deregulation: Transportation - Communications - and Financial Institutions






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






17. Relevant - Accurate - Accessible - Timely - Transferable






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






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






20. Procurement and Manufacturing - value adding activities






21. Procurement and Manufacturing - value adding activities






22. 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






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






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






25. Materials Requirement Planning






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






27. Free On Board






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






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






30. Delivered Duty Paid






31. Measures cost and performance of activities.






32. Warehouse Management System






33. Return on Assets.






34. Form - Time - Place - Quantity - Possession






35. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






36. Form Utility






37. CFE - MSE - MAD - MAPE






38. Analyze and evaluate on organizations efficiency over a time period.






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






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






41. Critical part of global supply chains






42. 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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43. Strategic Alliance






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






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

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46. 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.






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






48. 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






49. Possession Utility






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