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. Delivered Duty Paid






2. Time Utility - Place Utility - Quantity Utility






3. Management of materials in motion and at rest.






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

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






6. Producer to Store - servicing the customer






7. Electrical Machinery - Power Generation Equipment






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






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






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






11. Plays large part in intermodal shipments.






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






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






14. Marketing - Manufacturing/operations - Finance - Accounting






15. 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






16. The art and science of management - engineering - and technical activities concerned with requirements - design - and supplying and maintaining resources to support objectives - plans - and operations.






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






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






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






20. Procurement and Manufacturing - value adding activities






21. Return on Assets.






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






23. Challenge is to evaluate and successfully implement the technology






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






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






26. Business Logistics - Military Logistics - Event Logistics - Service Logistics






27. Possession Utility






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






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






30. Influences product availability






31. Enterprise Resource Planning






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






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






34. 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).






35. The ________ is associated with downstream activities.






36. Cost - Insurance - and Freight






37. Strategic Alliance






38. Processes for developing and implementing successful relationship






39. Distribution Requirement Planning






40. 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






41. Free Alongside Ship






42. Customers trade partnership against terrorism






43. Transportation Management System






44. Product/Service - Information - Finance






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






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






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






48. Enlightened - Educated - easy access to Internet






49. Anything that touches the customer






50. Measures cost and performance of activities.