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






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






3. Time Utility - Place Utility - Quantity Utility






4. Processes for developing and implementing successful relationship






5. Free On Board






6. Free Alongside Ship






7. Form Utility






8. Anything that touches the customer






9. Sales and Order Processing






10. Time - Dependability - Communications - Convenience






11. Form - Time - Place - Quantity - Possession






12. Enlightened - Educated - easy access to Internet






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






14. Customers trade partnership against terrorism






15. Getting the Right Things to the Right Place at the Right Time at the lowest cost.






16. Management of materials in motion and at rest.






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






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






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






20. Collaborative Planning - Forecasting - and Replenishment






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






22. Electrical Machinery - Power Generation Equipment






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






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






25. Electrical Machinery - Power Generation Equipment.






26. 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.






27. Challenge is to evaluate and successfully implement the technology






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






29. 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.

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30. Fast - high rate






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






32. Transportation Management System






33. The process of planning - implementing - and controlling the efficient - effective flow and storage of goods - services - and related information from the point of origin to the point of consumption for the purpose of conforming to customer requ






34. 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).






35. Product/Service - Information - Finance






36. Vendor

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37. Item Fill Rate - Line Fill Rate






38. Measures cost and performance of activities.






39. Procurement and Manufacturing - value adding activities






40. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.






41. CFE - MSE - MAD - MAPE






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






43. Return on Assets.






44. Cost - Insurance - and Freight






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






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






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






48. Procurement and Manufacturing - value adding activities






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






50. Order Fill Rate - Perfect Order