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






2. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






3. Item Fill Rate - Line Fill Rate






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






5. Possession Utility






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






7. Procurement and Manufacturing - value adding activities






8. ISs lead to the collection and storage of vast amounts of data and help lead to better decision making - but many companies are not taking advantage of it.






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






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






11. Time Utility - Place Utility - Quantity Utility






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






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






14. 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






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






16. Electrical Machinery - Power Generation Equipment.






17. Materials Requirement Planning






18. Management of materials in motion and at rest.






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






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






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






22. Electrical Machinery - Power Generation Equipment






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






24. Transportation Management System






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






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






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






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






29. 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.






30. Measures cost and performance of activities.






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






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






33. Vendor

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34. 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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35. Canada - China - Mexico






36. Product/Service - Information - Finance






37. Challenge is to evaluate and successfully implement the technology






38. The ________ is associated with downstream activities.






39. Influencing the order - order execution






40. Delivered Duty Paid






41. Sales and Order Processing






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






43. Enterprise Resource Planning






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






45. Distribution Requirement Planning






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






47. CFE - MSE - MAD - MAPE






48. Deregulation: Transportation - Communications - and Financial Institutions






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






50. Enlightened - Educated - easy access to Internet