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. Relevant - Accurate - Accessible - Timely - Transferable






2. Influences product availability






3. Possession Utility






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






5. 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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6. Business Logistics - Military Logistics - Event Logistics - Service Logistics






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






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






9. Free Alongside Ship






10. Electrical Machinery - Power Generation Equipment.






11. 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






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






13. Customers trade partnership against terrorism






14. 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.






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






16. Processes for developing and implementing successful relationship






17. Time - Quality - Cost - Supporting Metrics






18. Transportation Management System






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






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






21. Time Utility - Place Utility - Quantity Utility






22. Measures cost and performance of activities.






23. Canada - China - Mexico






24. Cost - Insurance - and Freight






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






26. Time - Dependability - Communications - Convenience






27. Partner






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






29. Marketing - Manufacturing/operations - Finance - Accounting






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






31. Organizations require collaboration or cooperation.






32. Plays large part in intermodal shipments.






33. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)






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






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






36. The ________ is associated with downstream activities.






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






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






39. 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






40. Cost and Freight






41. Right: information - partner - quantity - format - time - place - cost

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






43. Electrical Machinery - Power Generation Equipment






44. Management of materials in motion and at rest.






45. Deregulation: Transportation - Communications - and Financial Institutions






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






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






48. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences






49. Influencing the order - order execution






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