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. Possession Utility






2. Distribution Requirement Planning






3. Influencing the order - order execution






4. Warehouse Management System






5. Plays large part in intermodal shipments.






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






7. Sales and Order Processing






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






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






10. Electrical Machinery - Power Generation Equipment.






11. Marketing - Manufacturing/operations - Finance - Accounting






12. Cost and Freight






13. Delivered Duty Paid






14. Strategic Alliance






15. Fast - high rate






16. Influences product availability






17. 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






18. Order Fill Rate - Perfect Order






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






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






21. Processes for developing and implementing successful relationship






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






23. 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.

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


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






25. Cost - Insurance - and Freight






26. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.






27. Electrical Machinery - Power Generation Equipment






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






29. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






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






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






33. Enterprise Resource Planning






34. Value added by delivering the proper amount of a good.






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






36. Transportation Management System






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






38. Business Logistics - Military Logistics - Event Logistics - Service Logistics






39. Time Utility - Place Utility - Quantity Utility






40. 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.






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






42. Return on Assets.






43. Vendor

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


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






45. Customers trade partnership against terrorism






46. Management of materials in motion and at rest.






47. 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).






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






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






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







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


Let me suggest you:

Browse all subjects

Browse all tests

Most popular tests



Major Subjects

Tests & Exams


AP
CLEP
DSST
GRE
SAT
GMAT

Browse all subjects

Browse all tests

Most popular tests