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. Free On Board






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






3. Cost and Freight






4. Time - Quality - Cost - Supporting Metrics






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






6. Processes for developing and implementing successful relationship






7. Warehouse Management System






8. 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.






9. Growth to a global or worldwide scale. Important Issues in a SC: More volatile supply and demand - shorter product lifetimes - blurring of organizational boundaries.






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






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






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






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






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






15. Time Utility - Place Utility - Quantity Utility






16. Sales and Order Processing






17. Critical part of global supply chains






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. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation






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






21. Fast - high rate






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






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






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






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






26. Form Utility






27. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.






28. Procurement and Manufacturing - value adding activities






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






30. Measures cost and performance of activities.






31. An external supplier that performs all or part of a company's logistics functions.






32. Challenge is to evaluate and successfully implement the technology






33. Anything that touches the customer






34. Free Alongside Ship






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






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






37. Materials Requirement Planning






38. 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






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






40. CFE - MSE - MAD - MAPE






41. Electrical Machinery - Power Generation Equipment.






42. Customers trade partnership against terrorism






43. Delivered Duty Paid






44. Collaborative Planning - Forecasting - and Replenishment






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






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






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






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






49. Electrical Machinery - Power Generation Equipment






50. Transportation - Warehousing and storage - Industrial packaging - Materials handling - Inventory control - Order fulfillment - Demand forecasting - Production planning/scheduling - Procurement - Customer service - Facility location - Return goods han