Test your basic knowledge |

Business Logistics Management

Subject : business-skills
  • Answer 50 questions in 15 minutes.
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  • 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. How firms in this industry create value for their commercial clients

2. Form - Time - Place - Quantity - Possession


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

5. 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).

6. Time - Dependability - Communications - Convenience

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

8. Deregulation: Transportation - Communications - and Financial Institutions

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

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

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

12. Enlightened - Educated - easy access to Internet

13. Time Utility - Place Utility - Quantity Utility

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

15. Vendor

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

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

18. Time - Quality - Cost - Supporting Metrics

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

20. Management of materials in motion and at rest.

21. Sales and Order Processing

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

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

24. Critical part of global supply chains

25. The ________ is associated with downstream activities.

26. That part of the supply chain process that plans - implements - and controls the efficient - effective flow and storage of goods - services - and related information from point of origin to point of consumption in order to meet customer requirem

27. The process of planning - implementing - and controlling the efficient - effective flow and storage of goods - services - and related information from the point of origin to the point of consumption for the purpose of conforming to customer requ

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

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

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

31. Free On Board

32. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.

33. Distribution Requirement Planning

34. Plays large part in intermodal shipments.

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

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

37. Possession Utility

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

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

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

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

42. Procurement and Manufacturing - value adding activities

43. Free Alongside Ship

44. Processes for developing and implementing successful relationship

45. Product/Service - Information - Finance

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

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

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

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

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