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. Form - Time - Place - Quantity - Possession






2. 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.






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






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






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






6. Procurement and Manufacturing - value adding activities






7. 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.






8. Strategic Alliance






9. Enterprise Resource Planning






10. 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.

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


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






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






13. The ________ is associated with downstream activities.






14. Plays large part in intermodal shipments.






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






16. Collaborative Planning - Forecasting - and Replenishment






17. Producer to Store - servicing the customer






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






19. Challenge is to evaluate and successfully implement the technology






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






21. 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).






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






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






24. Anything that touches the customer






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






26. Time - Quality - Cost - Supporting Metrics






27. Influences product availability






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






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






30. Product/Service - Information - Finance






31. Distribution Requirement Planning






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






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






34. Reliability - Responsiveness - Flexibility - Cost - Assets






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






36. Deregulation: Transportation - Communications - and Financial Institutions






37. Organizations require collaboration or cooperation.






38. 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.






39. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






40. Cost and Freight






41. Vendor

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


42. Canada - China - Mexico






43. Time - Dependability - Communications - Convenience






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






45. Delivered Duty Paid






46. Measures cost and performance of activities.






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






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






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






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