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. Customers trade partnership against terrorism






2. Enterprise Resource Planning






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






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






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






6. The most pervasive and important global shipment method. Low rates - wide variety of products






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






8. CFE - MSE - MAD - MAPE






9. Materials Requirement Planning






10. 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






11. Challenge is to evaluate and successfully implement the technology






12. Deregulation: Transportation - Communications - and Financial Institutions






13. Collaborative Planning - Forecasting - and Replenishment






14. Product/Service - Information - Finance






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






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






17. Strategic Alliance






18. Canada - China - Mexico






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






20. Electrical Machinery - Power Generation Equipment






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






22. Reliability - Responsiveness - Flexibility - Cost - Assets






23. Procurement and Manufacturing - value adding activities






24. Growth to a global or worldwide scale. Important Issues in a SC: More volatile supply and demand - shorter product lifetimes - blurring of organizational boundaries.






25. Time Utility - Place Utility - Quantity Utility






26. Order Fill Rate - Perfect Order






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






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






29. Cost - Insurance - and Freight






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






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






32. Delivered Duty Paid






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






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






35. 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






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






37. Anything that touches the customer






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






39. Critical part of global supply chains






40. Represents an alternative that may imply even greater involvement than the partnership or strategic alliance






41. Measures cost and performance of activities.






42. Relevant - Accurate - Accessible - Timely - Transferable






43. Return on Assets.






44. Time - Dependability - Communications - Convenience






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






46. Free On Board






47. Partner






48. Influences product availability






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






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