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. Time Utility - Place Utility - Quantity Utility






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






3. Free Alongside Ship






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






5. Free On Board






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






7. Possession Utility






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






9. Time - Dependability - Communications - Convenience






10. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security






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






12. 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






13. CFE - MSE - MAD - MAPE






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






15. 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.






16. Processes for developing and implementing successful relationship






17. Act as agents for domestic firms in the international arena.






18. Procurement and Manufacturing - value adding activities






19. Critical part of global supply chains






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






21. Marketing - Manufacturing/operations - Finance - Accounting






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






23. 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






24. Strategic Alliance






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






26. Form - Time - Place - Quantity - Possession






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






28. Measures cost and performance of activities.






29. Enlightened - Educated - easy access to Internet






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






31. Reliability - Responsiveness - Flexibility - Cost - Assets






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






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






34. Influences product availability






35. Fast - high rate






36. Return on Assets.






37. Form Utility






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






39. Procurement and Manufacturing - value adding activities






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






41. 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






42. Management of materials in motion and at rest.






43. Producer to Store - servicing the customer






44. Order Fill Rate - Perfect Order






45. Sales and Order Processing






46. Influencing the order - order execution






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






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






49. Time - Quality - Cost - Supporting Metrics






50. The ________ is associated with downstream activities.