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






2. Time Utility - Place Utility - Quantity Utility






3. Procurement and Manufacturing - value adding activities






4. Critical part of global supply chains






5. Cost - Insurance - and Freight






6. Partner






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






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






9. Business Logistics - Military Logistics - Event Logistics - Service Logistics






10. Relevant - Accurate - Accessible - Timely - Transferable






11. Plays large part in intermodal shipments.






12. Return on Assets.






13. Increased complexity for organizations (from SKUs to trade regulations) is a problem. Organizations should simplify.






14. Free Alongside Ship






15. Marketing - Manufacturing/operations - Finance - Accounting






16. Influencing the order - order execution






17. Distribution Requirement Planning






18. 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.






19. Anything that touches the customer






20. Order Fill Rate - Perfect Order






21. Electrical Machinery - Power Generation Equipment.






22. Form - Time - Place - Quantity - Possession






23. Collaborative Planning - Forecasting - and Replenishment






24. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.






25. Time - Dependability - Communications - Convenience






26. Warehouse Management System






27. Reliability - Responsiveness - Flexibility - Cost - Assets






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






29. Enlightened - Educated - easy access to Internet






30. Sales and Order Processing






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






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






33. Electrical Machinery - Power Generation Equipment






34. Cost and Freight






35. 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.






36. Fast - high rate






37. Item Fill Rate - Line Fill Rate






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






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






40. Strategic Alliance






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






42. Enterprise Resource Planning






43. CFE - MSE - MAD - MAPE






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






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






46. Possession Utility






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






48. Processes for developing and implementing successful relationship






49. Producer to Store - servicing the customer






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