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. Return on Assets.






2. Cost and Freight






3. Free On Board






4. Order Fill Rate - Perfect Order






5. Procurement and Manufacturing - value adding activities






6. 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






7. Item Fill Rate - Line Fill Rate






8. Time - Quality - Cost - Supporting Metrics






9. Marketing - Manufacturing/operations - Finance - Accounting






10. Electrical Machinery - Power Generation Equipment






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






12. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences






13. Influences product availability






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






15. 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.






16. Reliability - Responsiveness - Flexibility - Cost - Assets






17. 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).






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






19. Plays large part in intermodal shipments.






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






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






22. Electrical Machinery - Power Generation Equipment.






23. Deregulation: Transportation - Communications - and Financial Institutions






24. 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






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






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






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






28. Management of materials in motion and at rest.






29. Time Utility - Place Utility - Quantity Utility






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






31. Processes for developing and implementing successful relationship






32. Organizations require collaboration or cooperation.






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






34. Cost - Insurance - and Freight






35. Focuses on the outbound side of of a firm's logistics system.






36. Product/Service - Information - Finance






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






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






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






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






41. Time - Dependability - Communications - Convenience






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






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






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






45. Form - Time - Place - Quantity - Possession






46. Strategic Alliance






47. Challenge is to evaluate and successfully implement the technology






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






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






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