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. Order Fill Rate - Perfect Order






2. Time Utility - Place Utility - Quantity Utility






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






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






5. Anything that touches the customer






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






7. Business Logistics - Military Logistics - Event Logistics - Service Logistics






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






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






10. Enlightened - Educated - easy access to Internet






11. Procurement and Manufacturing - value adding activities






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






13. Sales and Order Processing






14. Form - Time - Place - Quantity - Possession






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






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






17. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation






18. Item Fill Rate - Line Fill Rate






19. Relevant - Accurate - Accessible - Timely - Transferable






20. Deregulation: Transportation - Communications - and Financial Institutions






21. Fast - high rate






22. Strategically positioning customers to improve the profitability of the organization and enhance its relationship with its customer base






23. The ________ is associated with downstream activities.






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






25. Cost - Insurance - and Freight






26. Reliability - Responsiveness - Flexibility - Cost - Assets






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






28. 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).






29. Getting the right product - to the right customer - in the right quantity - in the right condition - at the right place - at the right time - and at the right cost.

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30. 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.






31. Possession Utility






32. Form Utility






33. Procurement and Manufacturing - value adding activities






34. Free On Board






35. Return on Assets.






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






37. Critical part of global supply chains






38. Plays large part in intermodal shipments.






39. Processes for developing and implementing successful relationship






40. Strategic Alliance






41. Time - Quality - Cost - Supporting Metrics






42. Transportation Management System






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






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






45. Free Alongside Ship






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






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






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






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






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