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






2. Enlightened - Educated - easy access to Internet






3. Influencing the order - order execution






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






5. Time - Quality - Cost - Supporting Metrics






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






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






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






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






11. 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






12. Marketing - Manufacturing/operations - Finance - Accounting






13. Form Utility






14. Distribution Requirement Planning






15. Procurement and Manufacturing - value adding activities






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






17. Item Fill Rate - Line Fill Rate






18. Management of materials in motion and at rest.






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






20. 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.






21. Time Utility - Place Utility - Quantity Utility






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






23. Customers trade partnership against terrorism






24. Cost - Insurance - and Freight






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






26. Measures cost and performance of activities.






27. Vendor

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28. Challenge is to evaluate and successfully implement the technology






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






30. 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).






31. Processes for developing and implementing successful relationship






32. Sales and Order Processing






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






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






35. Strategic Alliance






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






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






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






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






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






41. 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






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






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

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44. Collaborative Planning - Forecasting - and Replenishment






45. The ________ is associated with downstream activities.






46. Time - Dependability - Communications - Convenience






47. ISs lead to the collection and storage of vast amounts of data and help lead to better decision making - but many companies are not taking advantage of it.






48. Primarily created through the basic marketing activities related to the promotion of products and services -






49. Materials Requirement Planning






50. Fast - high rate