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. Marketing - Manufacturing/operations - Finance - Accounting






2. Influences product availability






3. Relevant - Accurate - Accessible - Timely - Transferable






4. Current 1. WMS 2. Web-enabled communication 3. Visibility tools 4. TMS - Future 1. RFID 2. Collaboration tools 3. Supply chain planning and visibility tools






5. Partner






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






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






8. Time Utility - Place Utility - Quantity Utility






9. Procurement and Manufacturing - value adding activities






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






11. Delivered Duty Paid






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






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






14. Free Alongside Ship






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






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






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






18. Electrical Machinery - Power Generation Equipment






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






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






21. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






22. Enterprise Resource Planning






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






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






25. Time - Dependability - Communications - Convenience






26. Enlightened - Educated - easy access to Internet






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






28. Challenge is to evaluate and successfully implement the technology






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






30. Form Utility






31. Anything that touches the customer






32. Producer to Store - servicing the customer






33. Procurement and Manufacturing - value adding activities






34. 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.






35. Distribution Requirement Planning






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






37. 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






38. Customers trade partnership against terrorism






39. Processes for developing and implementing successful relationship






40. Canada - China - Mexico






41. Strategic Alliance






42. Return on Assets.






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






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






45. Product/Service - Information - Finance






46. Business Logistics - Military Logistics - Event Logistics - Service Logistics






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






48. Cost and Freight






49. Fast - high rate






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