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. Procurement and Manufacturing - value adding activities






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






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






4. Free On Board






5. Distribution Requirement Planning






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






7. Marketing - Manufacturing/operations - Finance - Accounting






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






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






10. 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






11. Management of materials in motion and at rest.






12. Possession Utility






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






14. Procurement and Manufacturing - value adding activities






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






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






17. Measures cost and performance of activities.






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






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






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






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






22. Critical part of global supply chains






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






24. Enterprise Resource Planning






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






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






27. Product/Service - Information - Finance






28. Organizations require collaboration or cooperation.






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






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






31. Partner






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






33. Cost - Insurance - and Freight






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






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






36. Processes for developing and implementing successful relationship






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






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






39. Reliability - Responsiveness - Flexibility - Cost - Assets






40. Influencing the order - order execution






41. Challenge is to evaluate and successfully implement the technology






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






44. Return on Assets.






45. Assembles and manages the resources - capabilities - and technology of its own organization with those of complementary service providers to deliver a comprehensive supply chain solution.






46. Collaborative Planning - Forecasting - and Replenishment






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






48. 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.






49. 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.






50. Time - Quality - Cost - Supporting Metrics