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






2. Warehouse Management System






3. Form - Time - Place - Quantity - Possession






4. Time Utility - Place Utility - Quantity Utility






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






6. Deregulation: Transportation - Communications - and Financial Institutions






7. Strategic Alliance






8. Delivered Duty Paid






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






10. Procurement and Manufacturing - value adding activities






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






12. Plays large part in intermodal shipments.






13. Relevant - Accurate - Accessible - Timely - Transferable






14. 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.






15. 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






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






17. Enlightened - Educated - easy access to Internet






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






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






20. Sales and Order Processing






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






22. 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.






23. Influences product availability






24. Anything that touches the customer






25. Real and recognized benefits to all members - Dynamic creation - measurement - and evolution of collaborative partnerships - Co-buyer and co-seller relationships - Flexibility and security - Collaboration across all stages of business process integ






26. Management of Product/Service - Information - and Cash Flows.






27. Organizations require collaboration or cooperation.






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






29. Critical part of global supply chains






30. Electrical Machinery - Power Generation Equipment






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






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






33. Time - Dependability - Communications - Convenience






34. Measures cost and performance of activities.






35. Free On Board






36. Partner






37. Collaborative Planning - Forecasting - and Replenishment






38. 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






39. Product/Service - Information - Finance






40. Form Utility






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






42. 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.






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






44. 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






45. Return on Assets.






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






47. CFE - MSE - MAD - MAPE






48. 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






49. Influencing the order - order execution






50. 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).