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






2. Return on Assets.






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






4. Cost and Freight






5. Analyze and evaluate on organizations efficiency over a time period.






6. Partner






7. 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).






8. Management of Product/Service - Information - and Cash Flows.






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






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

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11. Free On Board






12. 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






13. Collaborative Planning - Forecasting - and Replenishment






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






15. 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.






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






17. Item Fill Rate - Line Fill Rate






18. Materials Requirement Planning






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






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






21. Electrical Machinery - Power Generation Equipment






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






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






24. Deregulation: Transportation - Communications - and Financial Institutions






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






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






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






28. Time - Dependability - Communications - Convenience






29. Form - Time - Place - Quantity - Possession






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






31. Time - Quality - Cost - Supporting Metrics






32. Vendor

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33. Plays large part in intermodal shipments.






34. Transportation Management System






35. Critical part of global supply chains






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






37. Strategic Alliance






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






39. Warehouse Management System






40. Customers trade partnership against terrorism






41. The ________ is associated with downstream activities.






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






43. Measures cost and performance of activities.






44. Relevant - Accurate - Accessible - Timely - Transferable






45. Influencing the order - order execution






46. Delivered Duty Paid






47. Electrical Machinery - Power Generation Equipment.






48. Enterprise Resource Planning






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






50. Procurement and Manufacturing - value adding activities