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. 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






2. Fast - high rate






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






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






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






6. Form Utility






7. Anything that touches the customer






8. Distribution Requirement Planning






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






10. Free Alongside Ship






11. Customers trade partnership against terrorism






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






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






14. Critical part of global supply chains






15. Reliability - Responsiveness - Flexibility - Cost - Assets






16. Organizations require collaboration or cooperation.






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






18. Procurement and Manufacturing - value adding activities






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






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






21. The process of planning - implementing - and controlling the efficient - effective flow and storage of goods - services - and related information from the point of origin to the point of consumption for the purpose of conforming to customer requ






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






23. Order Fill Rate - Perfect Order






24. Collaborative Planning - Forecasting - and Replenishment






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






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






27. Time - Quality - Cost - Supporting Metrics






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






29. Warehouse Management System






30. Marketing - Manufacturing/operations - Finance - Accounting






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






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






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






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






35. Cost - Insurance - and Freight






36. 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.






37. Time - Dependability - Communications - Convenience






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






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






40. Canada - China - Mexico






41. 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.


42. Enlightened - Educated - easy access to Internet






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






44. 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.






45. Delivered Duty Paid






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






47. Free On Board






48. Materials Requirement Planning






49. Management of materials in motion and at rest.






50. Deregulation: Transportation - Communications - and Financial Institutions