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






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






3. Measures cost and performance of activities.






4. Delivered Duty Paid






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






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






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






8. Cost and Freight






9. Producer to Store - servicing the customer






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






11. 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






12. 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.

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13. Free On Board






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






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






16. Influences product availability






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






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






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






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






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






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. Materials Requirement Planning






24. Business Logistics - Military Logistics - Event Logistics - Service Logistics






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






26. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences






27. Procurement and Manufacturing - value adding activities






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






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






30. 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






31. Deregulation: Transportation - Communications - and Financial Institutions






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






33. Warehouse Management System






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






35. Time Utility - Place Utility - Quantity Utility






36. Management of materials in motion and at rest.






37. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






38. Time - Quality - Cost - Supporting Metrics






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






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






41. Cost - Insurance - and Freight






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






43. Return on Assets.






44. 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.






45. Possession Utility






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






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. Form Utility






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






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