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






2. Return on Assets.






3. Influencing the order - order execution






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






5. CFE - MSE - MAD - MAPE






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






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






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






9. Relevant - Accurate - Accessible - Timely - Transferable






10. 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.






11. 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






12. Collaborative Planning - Forecasting - and Replenishment






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






14. Electrical Machinery - Power Generation Equipment.






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






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






17. Plays large part in intermodal shipments.






18. Possession Utility






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






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






21. 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






22. Management of materials in motion and at rest.






23. Canada - China - Mexico






24. Form Utility






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






26. Free Alongside Ship






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






28. Influences product availability






29. Delivered Duty Paid






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






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






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






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






34. Enlightened - Educated - easy access to Internet






35. Time - Quality - Cost - Supporting Metrics






36. Procurement and Manufacturing - value adding activities






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






38. Time Utility - Place Utility - Quantity Utility






39. Partner






40. Strategic Alliance






41. 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.






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






43. Electrical Machinery - Power Generation Equipment






44. Time - Dependability - Communications - Convenience






45. Materials Requirement Planning






46. Free On Board






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






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






49. Sales and Order Processing






50. Deregulation: Transportation - Communications - and Financial Institutions