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. Processes for developing and implementing successful relationship






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






3. Management of materials in motion and at rest.






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






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






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






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






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






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






10. Return on Assets.






11. Anything that touches the customer






12. Plays large part in intermodal shipments.






13. Product/Service - Information - Finance






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






15. Free On Board






16. Procurement and Manufacturing - value adding activities






17. Item Fill Rate - Line Fill Rate






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






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






20. Time - Dependability - Communications - Convenience






21. Order Fill Rate - Perfect Order






22. 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).






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






24. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.






25. Free Alongside Ship






26. The ________ is associated with downstream activities.






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






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






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






30. Challenge is to evaluate and successfully implement the technology






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






32. 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.






33. Fast - high rate






34. Critical part of global supply chains






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






36. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences






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

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38. Canada - China - Mexico






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






40. Deregulation: Transportation - Communications - and Financial Institutions






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






42. Business Logistics - Military Logistics - Event Logistics - Service Logistics






43. Possession Utility






44. Electrical Machinery - Power Generation Equipment






45. Time - Quality - Cost - Supporting Metrics






46. Customers trade partnership against terrorism






47. Reliability - Responsiveness - Flexibility - Cost - Assets






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






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






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