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






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






3. Enlightened - Educated - easy access to Internet






4. Distribution Requirement Planning






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






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






7. Order Fill Rate - Perfect Order






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






9. Strategic Alliance






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






11. Organizations require collaboration or cooperation.






12. Possession Utility






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






14. 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.






15. 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).






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






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






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






19. Product/Service - Information - Finance






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






21. Electrical Machinery - Power Generation Equipment






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






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






24. The ________ is associated with downstream activities.






25. The network facilities and supporting transportation is important. It must be capable and able to respond to change in the marketplace.






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






27. Item Fill Rate - Line Fill Rate






28. 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.


29. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






30. Cost and Freight






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






32. Anything that touches the customer






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






34. Fast - high rate






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






36. Delivered Duty Paid






37. CFE - MSE - MAD - MAPE






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






39. Form Utility






40. Form - Time - Place - Quantity - Possession






41. Transportation Management System






42. Processes for developing and implementing successful relationship






43. Plays large part in intermodal shipments.






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






45. Time - Dependability - Communications - Convenience






46. Critical part of global supply chains






47. Cost - Insurance - and Freight






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






49. Vendor


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