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






2. Procurement and Manufacturing - value adding activities






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






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






5. Marketing - Manufacturing/operations - Finance - Accounting






6. Organizations require collaboration or cooperation.






7. Producer to Store - servicing the customer






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






9. Anything that touches the customer






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






11. Form Utility






12. Time - Dependability - Communications - Convenience






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






14. Management of materials in motion and at rest.






15. Product/Service - Information - Finance






16. Fast - high rate






17. Represents an alternative that may imply even greater involvement than the partnership or strategic alliance






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






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






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






21. Measures cost and performance of activities.






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






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






24. Electrical Machinery - Power Generation Equipment.






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






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






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






28. Order Fill Rate - Perfect Order






29. Sales and Order Processing






30. Form - Time - Place - Quantity - Possession






31. Distribution Requirement Planning






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






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






34. Cost and Freight






35. Canada - China - Mexico






36. Delivered Duty Paid






37. Enterprise Resource Planning






38. Procurement and Manufacturing - value adding activities






39. Influencing the order - order execution






40. Customers trade partnership against terrorism






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






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






43. 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






44. 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






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






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






47. Challenge is to evaluate and successfully implement the technology






48. Possession Utility






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






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