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






2. Free Alongside Ship






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






4. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






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






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






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






9. 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.






10. Strategic Alliance






11. Marketing - Manufacturing/operations - Finance - Accounting






12. Procurement and Manufacturing - value adding activities






13. 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






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






15. Partner






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






17. Influences product availability






18. Enterprise Resource Planning






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






20. Delivered Duty Paid






21. Vendor


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






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






24. Warehouse Management System






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






26. Management of materials in motion and at rest.






27. Measures cost and performance of activities.






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






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






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






31. Anything that touches the customer






32. The ________ is associated with downstream activities.






33. Item Fill Rate - Line Fill Rate






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






35. Electrical Machinery - Power Generation Equipment.






36. Enlightened - Educated - easy access to Internet






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






38. Producer to Store - servicing the customer






39. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle






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






41. Export goods and services to overseas buyers and handles most of the export arrangements.






42. Time Utility - Place Utility - Quantity Utility






43. Form Utility






44. 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.






45. Canada - China - Mexico






46. Distribution Requirement Planning






47. Plays large part in intermodal shipments.






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






49. Transportation Management System






50. Return on Assets.