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






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






4. Challenge is to evaluate and successfully implement the technology






5. Deregulation: Transportation - Communications - and Financial Institutions






6. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])






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






8. Form Utility






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






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






11. Possession Utility






12. Cost - Insurance - and Freight






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






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






15. Processes for developing and implementing successful relationship






16. The ________ is associated with downstream activities.






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






18. Materials Requirement Planning






19. 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






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






21. Organizations require collaboration or cooperation.






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






23. Return on Assets.






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






25. Management of materials in motion and at rest.






26. Procurement and Manufacturing - value adding activities






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






28. Free Alongside Ship






29. Delivered Duty Paid






30. Customers trade partnership against terrorism






31. Reliability - Responsiveness - Flexibility - Cost - Assets






32. Marketing - Manufacturing/operations - Finance - Accounting






33. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






34. Measures cost and performance of activities.






35. Influencing the order - order execution






36. Business Logistics - Military Logistics - Event Logistics - Service Logistics






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






38. Anything that touches the customer






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






40. Procurement and Manufacturing - value adding activities






41. 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.






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






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






44. CFE - MSE - MAD - MAPE






45. Producer to Store - servicing the customer






46. Electrical Machinery - Power Generation Equipment.






47. Partner






48. Vendor


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






50. Canada - China - Mexico