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






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






3. Strategic Alliance






4. Electrical Machinery - Power Generation Equipment.






5. Cost - Insurance - and Freight






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






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






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






9. Item Fill Rate - Line Fill Rate






10. Marketing - Manufacturing/operations - Finance - Accounting






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






12. Materials Requirement Planning






13. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






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






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






17. Product/Service - Information - Finance






18. Possession Utility






19. Producer to Store - servicing the customer






20. Challenge is to evaluate and successfully implement the technology






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






22. Anything that touches the customer






23. Cost and Freight






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






25. Procurement and Manufacturing - value adding activities






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






27. Enlightened - Educated - easy access to Internet






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






29. 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.






30. 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






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






32. Electrical Machinery - Power Generation Equipment






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






34. Vendor






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






36. Free On Board






37. Warehouse Management System






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






39. Transportation - Warehousing and storage - Industrial packaging - Materials handling - Inventory control - Order fulfillment - Demand forecasting - Production planning/scheduling - Procurement - Customer service - Facility location - Return goods han






40. Collaborative Planning - Forecasting - and Replenishment






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






42. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle






43. CFE - MSE - MAD - MAPE






44. Order Fill Rate - Perfect Order






45. Management of materials in motion and at rest.






46. Critical part of global supply chains






47. Canada - China - Mexico






48. Influencing the order - order execution






49. Return on Assets.






50. 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.