Test your basic knowledge |

Business Logistics Management

Subject : business-skills
  • 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. The ________ is associated with downstream activities.

2. Strategic Alliance

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

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

5. Electrical Machinery - Power Generation Equipment.

6. Cost - Insurance - and Freight

7. Delivered Duty Paid

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

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

10. Marketing - Manufacturing/operations - Finance - Accounting

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

12. Processes for developing and implementing successful relationship

13. Plays large part in intermodal shipments.

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

15. Critical part of global supply chains

16. Influencing the order - order execution

17. 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.

18. Time Utility - Place Utility - Quantity Utility

19. Possession Utility

20. Free On Board

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

22. Procurement and Manufacturing - value adding activities

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

24. Canada - China - Mexico

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

26. Partner

27. Free Alongside Ship

28. Primarily created through the basic marketing activities related to the promotion of products and services -

29. Fast - high rate

30. Deregulation: Transportation - Communications - and Financial Institutions

31. Relevant - Accurate - Accessible - Timely - Transferable

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

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

34. 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.

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

36. Sales and Order Processing

37. Management of materials in motion and at rest.

38. Time - Quality - Cost - Supporting Metrics

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

40. 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

41. Form - Time - Place - Quantity - Possession

42. Organizations require collaboration or cooperation.

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

44. Collaborative Planning - Forecasting - and Replenishment

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

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

47. Anything that touches the customer

48. Item Fill Rate - Line Fill Rate

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

50. Transportation Management System