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






3. Free Alongside Ship






4. Strategic Alliance






5. Distribution Requirement Planning






6. 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






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






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






9. Collaborative Planning - Forecasting - and Replenishment






10. The art and science of management - engineering - and technical activities concerned with requirements - design - and supplying and maintaining resources to support objectives - plans - and operations.






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






12. Form Utility






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






14. Getting the Right Things to the Right Place at the Right Time at the lowest cost.






15. Marketing - Manufacturing/operations - Finance - Accounting






16. Form - Time - Place - Quantity - Possession






17. The branch of military science having to do with procuring - maintaining - utility/value and transporting material - personnel - and facilities






18. Time Utility - Place Utility - Quantity Utility






19. 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






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






21. Influences product availability






22. Critical part of global supply chains






23. 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.






24. 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






25. Transportation Management System






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






27. Plays large part in intermodal shipments.






28. Vendor

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29. Anything that touches the customer






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






31. Warehouse Management System






32. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






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






35. Enlightened - Educated - easy access to Internet






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






37. Cost and Freight






38. Increased complexity for organizations (from SKUs to trade regulations) is a problem. Organizations should simplify.






39. Customers trade partnership against terrorism






40. Order Fill Rate - Perfect Order






41. Time - Dependability - Communications - Convenience






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






43. Electrical Machinery - Power Generation Equipment






44. Possession Utility






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






46. Delivered Duty Paid






47. Partner






48. Value added to goods through a manufacturing or assembly process.






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






50. Electrical Machinery - Power Generation Equipment.