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

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






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






4. 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






5. Measures cost and performance of activities.






6. Challenge is to evaluate and successfully implement the technology






7. Critical part of global supply chains






8. Transportation Management System






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






10. Marketing - Manufacturing/operations - Finance - Accounting






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






12. Organizations require collaboration or cooperation.






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






14. Possession Utility






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






16. Item Fill Rate - Line Fill Rate






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






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






19. 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.






20. 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






21. 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






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






23. Deregulation: Transportation - Communications - and Financial Institutions






24. Time - Dependability - Communications - Convenience






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






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






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






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






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






30. Distribution Requirement Planning






31. Anything that touches the customer






32. Act as agents for domestic firms in the international arena.






33. CFE - MSE - MAD - MAPE






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






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






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






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






38. Relevant - Accurate - Accessible - Timely - Transferable






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






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






41. Partner






42. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences






43. Order Fill Rate - Perfect Order






44. Reliability - Responsiveness - Flexibility - Cost - Assets






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






46. Canada - China - Mexico






47. Product/Service - Information - Finance






48. Procurement and Manufacturing - value adding activities






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






50. Electrical Machinery - Power Generation Equipment