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. Partner






2. Organizations require collaboration or cooperation.






3. Time - Quality - Cost - Supporting Metrics






4. Measures cost and performance of activities.






5. Product/Service - Information - Finance






6. Warehouse Management System






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






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






9. Collaborative Planning - Forecasting - and Replenishment






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






11. Vendor


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






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






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






15. Free On Board






16. 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.






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






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






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






20. Fast - high rate






21. Plays large part in intermodal shipments.






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






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






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






25. Form - Time - Place - Quantity - Possession






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






27. Management of materials in motion and at rest.






28. Time - Dependability - Communications - Convenience






29. Deregulation: Transportation - Communications - and Financial Institutions






30. The ________ is associated with downstream activities.






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






32. Adding value to products by making them available when they're needed.






33. Delivered Duty Paid






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






35. Enlightened - Educated - easy access to Internet






36. Transportation Management System






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






38. Relevant - Accurate - Accessible - Timely - Transferable






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






40. Return on Assets.






41. Challenge is to evaluate and successfully implement the technology






42. 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






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






44. Processes for developing and implementing successful relationship






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






46. 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.






47. Cost - Insurance - and Freight






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






49. 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






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