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. Strategic Alliance






2. Relevant - Accurate - Accessible - Timely - Transferable






3. Procurement and Manufacturing - value adding activities






4. Item Fill Rate - Line Fill Rate






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






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






7. 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.






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






9. Management of materials in motion and at rest.






10. Influencing the order - order execution






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






12. Fast - high rate






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






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






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






16. Challenge is to evaluate and successfully implement the technology






17. 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.


18. Measures cost and performance of activities.






19. Electrical Machinery - Power Generation Equipment.






20. Electrical Machinery - Power Generation Equipment






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






22. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






23. Delivered Duty Paid






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






25. Time - Quality - Cost - Supporting Metrics






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






27. Procurement and Manufacturing - value adding activities






28. Processes for developing and implementing successful relationship






29. Product/Service - Information - Finance






30. Warehouse Management System






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






32. Collaborative Planning - Forecasting - and Replenishment






33. Order Fill Rate - Perfect Order






34. Marketing - Manufacturing/operations - Finance - Accounting






35. Influences product availability






36. Plays large part in intermodal shipments.






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






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






39. 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).






40. Return on Assets.






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






42. Reliability - Responsiveness - Flexibility - Cost - Assets






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






44. Form - Time - Place - Quantity - Possession






45. 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.






46. Organizations require collaboration or cooperation.






47. Critical part of global supply chains






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






49. 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






50. Canada - China - Mexico