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






2. Return on Assets.






3. Time Utility - Place Utility - Quantity Utility






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






5. The ________ is associated with downstream activities.






6. Sales and Order Processing






7. Processes for developing and implementing successful relationship






8. Transportation Management System






9. 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






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






11. Time - Quality - Cost - Supporting Metrics






12. Collaborative Planning - Forecasting - and Replenishment






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






14. Measures cost and performance of activities.






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






16. Form - Time - Place - Quantity - Possession






17. Anything that touches the customer






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






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






20. Procurement and Manufacturing - value adding activities






21. Critical part of global supply chains






22. The time that elapses from when a buyer places an order until receipt of the order






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






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

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25. 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






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






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






28. 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






29. Materials Requirement Planning






30. Free Alongside Ship






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






32. Deregulation: Transportation - Communications - and Financial Institutions






33. Distribution Requirement Planning






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






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






36. Cost - Insurance - and Freight






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






38. Possession Utility






39. 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.






40. Item Fill Rate - Line Fill Rate






41. Influencing the order - order execution






42. Form Utility






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






44. Organizations require collaboration or cooperation.






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






46. Influences product availability






47. Partner






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






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






50. Time - Dependability - Communications - Convenience