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






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






3. 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.






4. The ________ is associated with downstream activities.






5. Reliability - Responsiveness - Flexibility - Cost - Assets






6. Electrical Machinery - Power Generation Equipment






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






8. Deregulation: Transportation - Communications - and Financial Institutions






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






10. Partner






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






12. 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).






13. Time - Dependability - Communications - Convenience






14. 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.






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






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






17. Enlightened - Educated - easy access to Internet






18. Management of materials in motion and at rest.






19. 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






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






21. Product/Service - Information - Finance






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






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






24. Delivered Duty Paid






25. Vendor

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


26. 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






27. Increased complexity for organizations (from SKUs to trade regulations) is a problem. Organizations should simplify.






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






29. Enterprise Resource Planning






30. Materials Requirement Planning






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






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






33. Influencing the order - order execution






34. Cost and Freight






35. Procurement and Manufacturing - value adding activities






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






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






38. Fast - high rate






39. Form - Time - Place - Quantity - Possession






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






41. Business Logistics - Military Logistics - Event Logistics - Service Logistics






42. Item Fill Rate - Line Fill Rate






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






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






45. Warehouse Management System






46. Possession Utility






47. Distribution Requirement Planning






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






49. Organizations require collaboration or cooperation.






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