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






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






3. 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.






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






5. Procurement and Manufacturing - value adding activities






6. Product/Service - Information - Finance






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






8. 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.






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






10. Measures cost and performance of activities.






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






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






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






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






15. Time Utility - Place Utility - Quantity Utility






16. 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).






17. Fast - high rate






18. Critical part of global supply chains






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. Time - Dependability - Communications - Convenience






21. Management of materials in motion and at rest.






22. Materials Requirement Planning






23. 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.






24. Collaborative Planning - Forecasting - and Replenishment






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






26. Marketing - Manufacturing/operations - Finance - Accounting






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






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






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






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






31. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






33. Growth to a global or worldwide scale. Important Issues in a SC: More volatile supply and demand - shorter product lifetimes - blurring of organizational boundaries.






34. Vendor


35. Current 1. WMS 2. Web-enabled communication 3. Visibility tools 4. TMS - Future 1. RFID 2. Collaboration tools 3. Supply chain planning and visibility tools






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






37. Producer to Store - servicing the customer






38. Enterprise Resource Planning






39. 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.


40. Challenge is to evaluate and successfully implement the technology






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






42. Electrical Machinery - Power Generation Equipment.






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






44. Transportation Management System






45. Delivered Duty Paid






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






47. The ________ is associated with downstream activities.






48. Enlightened - Educated - easy access to Internet






49. Order Fill Rate - Perfect Order






50. Electrical Machinery - Power Generation Equipment