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






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






3. Materials Requirement Planning






4. Distribution Requirement Planning






5. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






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






8. Time - Dependability - Communications - Convenience






9. The ________ is associated with downstream activities.






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






11. Sales and Order Processing






12. CFE - MSE - MAD - MAPE






13. Free Alongside Ship






14. Deregulation: Transportation - Communications - and Financial Institutions






15. Relevant - Accurate - Accessible - Timely - Transferable






16. Organizations require collaboration or cooperation.






17. Form - Time - Place - Quantity - Possession






18. Procurement and Manufacturing - value adding activities






19. Marketing - Manufacturing/operations - Finance - Accounting






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






21. Represents an alternative that may imply even greater involvement than the partnership or strategic alliance






22. Warehouse Management System






23. Collaborative Planning - Forecasting - and Replenishment






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






25. Partner






26. Customers trade partnership against terrorism






27. Business Logistics - Military Logistics - Event Logistics - Service Logistics






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






29. Free On Board






30. 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.






31. Management of materials in motion and at rest.






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






33. Fast - high rate






34. Time Utility - Place Utility - Quantity Utility






35. Time - Quality - Cost - Supporting Metrics






36. Influences product availability






37. Challenge is to evaluate and successfully implement the technology






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






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






40. Possession Utility






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






42. 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






43. Product/Service - Information - Finance






44. Right product - right time - right quantity - right quality - right cost - right destination






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






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






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






48. Reliability - Responsiveness - Flexibility - Cost - Assets






49. Strategic Alliance






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