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. Electrical Machinery - Power Generation Equipment.






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






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






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






5. Materials Requirement Planning






6. Right product - right time - right quantity - right quality - right cost - right destination






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






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






9. Time - Quality - Cost - Supporting Metrics






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






11. Procurement and Manufacturing - value adding activities






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






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






14. Fast - high rate






15. Influences product availability






16. Challenge is to evaluate and successfully implement the technology






17. Cost and Freight






18. Possession Utility






19. 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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20. CFE - MSE - MAD - MAPE






21. Strategic Alliance






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






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






24. Enlightened - Educated - easy access to Internet






25. Enterprise Resource Planning






26. Sales and Order Processing






27. Deregulation: Transportation - Communications - and Financial Institutions






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






29. Item Fill Rate - Line Fill Rate






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






31. Vendor

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32. Marketing - Manufacturing/operations - Finance - Accounting






33. Form Utility






34. Canada - China - Mexico






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






36. Time - Dependability - Communications - Convenience






37. Delivered Duty Paid






38. Order Fill Rate - Perfect Order






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






40. Management of materials in motion and at rest.






41. 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).






42. Partner






43. Measures cost and performance of activities.






44. 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






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






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






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






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






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






50. Organizations require collaboration or cooperation.