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. Management of materials in motion and at rest.






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






3. Delivered Duty Paid






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






5. Cost - Insurance - and Freight






6. CFE - MSE - MAD - MAPE






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

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






9. Relevant - Accurate - Accessible - Timely - Transferable






10. Product/Service - Information - Finance






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






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






13. The management of the movement of materials and information within - into - and out of the firm






14. Possession Utility






15. Collaborative Planning - Forecasting - and Replenishment






16. 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






17. Critical part of global supply chains






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






19. Producer to Store - servicing the customer






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






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






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






23. Enterprise Resource Planning






24. 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






25. Cost and Freight






26. Procurement and Manufacturing - value adding activities






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






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






29. Time - Dependability - Communications - Convenience






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






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






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






33. Challenge is to evaluate and successfully implement the technology






34. Order Fill Rate - Perfect Order






35. Influencing the order - order execution






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






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






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






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






40. Fast - high rate






41. Anything that touches the customer






42. Transportation Management System






43. Item Fill Rate - Line Fill Rate






44. Distribution Requirement Planning






45. Electrical Machinery - Power Generation Equipment.






46. Form Utility






47. Sales and Order Processing






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






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






50. Deregulation: Transportation - Communications - and Financial Institutions