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






2. Time Utility - Place Utility - Quantity Utility






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






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






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






6. Partner






7. Order Fill Rate - Perfect Order






8. Sales and Order Processing






9. Time - Quality - Cost - Supporting Metrics






10. 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






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






12. Electrical Machinery - Power Generation Equipment






13. Free On Board






14. Producer to Store - servicing the customer






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






16. Strategic Alliance






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






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






19. Form Utility






20. Cost and Freight






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






22. 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






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






24. Procurement and Manufacturing - value adding activities






25. CFE - MSE - MAD - MAPE






26. Cost - Insurance - and Freight






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






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






29. Delivered Duty Paid






30. Form - Time - Place - Quantity - Possession






31. Materials Requirement Planning






32. Distribution Requirement Planning






33. Business Logistics - Military Logistics - Event Logistics - Service Logistics






34. 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.






35. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






37. 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.






38. How firms in this industry create value for their commercial clients






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






40. 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.






41. Time - Dependability - Communications - Convenience






42. Measures cost and performance of activities.






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






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






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






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






47. Vendor

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48. Anything that touches the customer






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