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. Free On Board






2. Electrical Machinery - Power Generation Equipment






3. Plays large part in intermodal shipments.






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






5. Time Utility - Place Utility - Quantity Utility






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






7. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.






8. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)






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






10. Product/Service - Information - Finance






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






12. The network facilities and supporting transportation is important. It must be capable and able to respond to change in the marketplace.






13. Warehouse Management System






14. 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.






15. Business Logistics - Military Logistics - Event Logistics - Service Logistics






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






17. Measures cost and performance of activities.






18. Item Fill Rate - Line Fill Rate






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






20. Form - Time - Place - Quantity - Possession






21. Transportation Management System






22. Relevant - Accurate - Accessible - Timely - Transferable






23. Processes for developing and implementing successful relationship






24. Time - Quality - Cost - Supporting Metrics






25. Producer to Store - servicing the customer






26. Canada - China - Mexico






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






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






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






30. That part of the supply chain process that plans - implements - and controls the efficient - effective flow and storage of goods - services - and related information from point of origin to point of consumption in order to meet customer requirem






31. Cost - Insurance - and Freight






32. Organizations require collaboration or cooperation.






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






34. Customers trade partnership against terrorism






35. Strategic Alliance






36. Deregulation: Transportation - Communications - and Financial Institutions






37. Delivered Duty Paid






38. Fast - high rate






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






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






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






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






43. Electrical Machinery - Power Generation Equipment.






44. Procurement and Manufacturing - value adding activities






45. Vendor

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46. 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






47. 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).






48. Assembles and manages the resources - capabilities - and technology of its own organization with those of complementary service providers to deliver a comprehensive supply chain solution.






49. Form Utility






50. Management of materials in motion and at rest.