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. Procurement and Manufacturing - value adding activities






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






3. Canada - China - Mexico






4. Time Utility - Place Utility - Quantity Utility






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






6. Critical part of global supply chains






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






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


9. 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.






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






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






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






13. Enlightened - Educated - easy access to Internet






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






15. Free Alongside Ship






16. Reliability - Responsiveness - Flexibility - Cost - Assets






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






18. Time - Dependability - Communications - Convenience






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






20. Management of materials in motion and at rest.






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






22. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico






23. Collaborative Planning - Forecasting - and Replenishment






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






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






26. Getting the right product - to the right customer - in the right quantity - in the right condition - at the right place - at the right time - and at the right cost.


27. The ________ is associated with downstream activities.






28. Marketing - Manufacturing/operations - Finance - Accounting






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






30. Deregulation: Transportation - Communications - and Financial Institutions






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






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






33. Cost and Freight






34. Measures cost and performance of activities.






35. 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






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






37. Producer to Store - servicing the customer






38. Electrical Machinery - Power Generation Equipment






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






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






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






42. 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).






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






44. Anything that touches the customer






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






46. Warehouse Management System






47. Form - Time - Place - Quantity - Possession






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






49. 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.






50. Fast - high rate