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






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






3. CFE - MSE - MAD - MAPE






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






5. Electrical Machinery - Power Generation Equipment.






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






7. Focuses on the outbound side of of a firm's logistics system.






8. Influencing the order - order execution






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






10. Relevant - Accurate - Accessible - Timely - Transferable






11. Influences product availability






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






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






14. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






16. Anything that touches the customer






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






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






19. 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.

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






21. Time - Dependability - Communications - Convenience






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






23. Free On Board






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






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






26. The ________ is associated with downstream activities.






27. Order Fill Rate - Perfect Order






28. Deregulation: Transportation - Communications - and Financial Institutions






29. Reliability - Responsiveness - Flexibility - Cost - Assets






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






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






32. Return on Assets.






33. 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.






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






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






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






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






38. 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






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






40. Procurement and Manufacturing - value adding activities






41. Distribution Requirement Planning






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






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






44. Time Utility - Place Utility - Quantity Utility






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






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






47. Form Utility






48. 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






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






50. Canada - China - Mexico