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






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






3. Deregulation: Transportation - Communications - and Financial Institutions






4. Item Fill Rate - Line Fill Rate






5. Return on Assets.






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






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






8. Canada - China - Mexico






9. Plays large part in intermodal shipments.






10. 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.


11. Distribution Requirement Planning






12. 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






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






14. Form Utility






15. 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






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






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






18. Relevant - Accurate - Accessible - Timely - Transferable






19. Fast - high rate






20. Possession Utility






21. Critical part of global supply chains






22. Procurement and Manufacturing - value adding activities






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






24. Electrical Machinery - Power Generation Equipment.






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






26. Measures cost and performance of activities.






27. Order Fill Rate - Perfect Order






28. Reliability - Responsiveness - Flexibility - Cost - Assets






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






30. Customers trade partnership against terrorism






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






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






33. 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).






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






35. Cost - Insurance - and Freight






36. Processes for developing and implementing successful relationship






37. Sales and Order Processing






38. CFE - MSE - MAD - MAPE






39. Cost and Freight






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






41. Time - Dependability - Communications - Convenience






42. Challenge is to evaluate and successfully implement the technology






43. Influencing the order - order execution






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






45. Marketing - Manufacturing/operations - Finance - Accounting






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






47. Refer to the traditional linkages between firms in the supply chain such as retailers - distributors - manufacturers - and parts and materials suppliers






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






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






50. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.