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. Anything that touches the customer






2. Return on Assets.






3. Electrical Machinery - Power Generation Equipment






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






5. Form - Time - Place - Quantity - Possession






6. Item Fill Rate - Line Fill Rate






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






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






9. Relevant - Accurate - Accessible - Timely - Transferable






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






11. Transportation Management System






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






13. 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






14. 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






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






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






17. Procurement and Manufacturing - value adding activities






18. Time - Dependability - Communications - Convenience






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






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






21. 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.






22. Business Logistics - Military Logistics - Event Logistics - Service Logistics






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. Cost and Freight






26. Reliability - Responsiveness - Flexibility - Cost - Assets






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






28. Cost - Insurance - and Freight






29. Vendor

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30. Enlightened - Educated - easy access to Internet






31. Delivered Duty Paid






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






33. The ________ is associated with downstream activities.






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






37. Canada - China - Mexico






38. Management of Product/Service - Information - and Cash Flows.






39. Processes for developing and implementing successful relationship






40. The management of the movement of materials and information within - into - and out of the firm






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






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






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






44. Influences product availability






45. Plays large part in intermodal shipments.






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






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






48. Materials Requirement Planning






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






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