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. CFE - MSE - MAD - MAPE






2. Form Utility






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






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






5. Delivered Duty Paid






6. Relevant - Accurate - Accessible - Timely - Transferable






7. 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.






8. Vendor

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






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






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






12. 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






13. Item Fill Rate - Line Fill Rate






14. Management of materials in motion and at rest.






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






16. Partner






17. Business Logistics - Military Logistics - Event Logistics - Service Logistics






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






19. Transportation Management System






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. Order Fill Rate - Perfect Order






22. Time - Dependability - Communications - Convenience






23. 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).






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






25. Concern and potential challenge since 9/11. Must be prepared for terrorist attack.






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






27. Enlightened - Educated - easy access to Internet






28. Anything that touches the customer






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






31. Influencing the order - order execution






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






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






34. Processes for developing and implementing successful relationship






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






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






37. Cost and Freight






38. Producer to Store - servicing the customer






39. Real and recognized benefits to all members - Dynamic creation - measurement - and evolution of collaborative partnerships - Co-buyer and co-seller relationships - Flexibility and security - Collaboration across all stages of business process integ






40. Critical part of global supply chains






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






42. Reliability - Responsiveness - Flexibility - Cost - Assets






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






44. 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.






45. Collaborative Planning - Forecasting - and Replenishment






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






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






48. Fast - high rate






49. Marketing - Manufacturing/operations - Finance - Accounting






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