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. CFE - MSE - MAD - MAPE






2. Relevant - Accurate - Accessible - Timely - Transferable






3. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






4. Collaborative Planning - Forecasting - and Replenishment






5. Strategic Alliance






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






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






8. Item Fill Rate - Line Fill Rate






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






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






11. Customers trade partnership against terrorism






12. Form - Time - Place - Quantity - Possession






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






14. Anything that touches the customer






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






16. Distribution Requirement Planning






17. Influences product availability






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






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






20. Delivered Duty Paid






21. 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.






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






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






24. 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.


25. Form Utility






26. Management of Product/Service - Information - and Cash Flows.






27. Deregulation: Transportation - Communications - and Financial Institutions






28. Warehouse Management System






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






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






31. Procurement and Manufacturing - value adding activities






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






33. Management of materials in motion and at rest.






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






35. Time - Dependability - Communications - Convenience






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






37. Enlightened - Educated - easy access to Internet






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






39. Critical part of global supply chains






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






41. Organizations require collaboration or cooperation.






42. Order Fill Rate - Perfect Order






43. Processes for developing and implementing successful relationship






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






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






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






47. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.






48. Influencing the order - order execution






49. Return on Assets.






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