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. Cost and Freight






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






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






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






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

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






7. Processes for developing and implementing successful relationship






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






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






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






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






12. The ________ is associated with downstream activities.






13. Influencing the order - order execution






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






15. Time Utility - Place Utility - Quantity Utility






16. Influences product availability






17. Warehouse Management System






18. Item Fill Rate - Line Fill Rate






19. Order Fill Rate - Perfect Order






20. Free Alongside Ship






21. Sales and Order Processing






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






23. Reliability - Responsiveness - Flexibility - Cost - Assets






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






25. Possession Utility






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






27. Challenge is to evaluate and successfully implement the technology






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






29. 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






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






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






32. Strategic Alliance






33. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






34. Plays large part in intermodal shipments.






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






36. 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.






37. CFE - MSE - MAD - MAPE






38. Time - Quality - Cost - Supporting Metrics






39. Anything that touches the customer






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






41. 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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42. Form Utility






43. Enterprise Resource Planning






44. Return on Assets.






45. Materials Requirement Planning






46. Delivered Duty Paid






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






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






49. Enlightened - Educated - easy access to Internet






50. Deregulation: Transportation - Communications - and Financial Institutions