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






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






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






4. Vendor


5. 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






6. Materials Requirement Planning






7. Customers trade partnership against terrorism






8. Organizations require collaboration or cooperation.






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






10. 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






11. Free Alongside Ship






12. Order Fill Rate - Perfect Order






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






14. Partner






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






16. Transportation Management System






17. Enterprise Resource Planning






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






19. How firms in this industry create value for their commercial clients






20. Form Utility






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






22. Electrical Machinery - Power Generation Equipment






23. Reliability - Responsiveness - Flexibility - Cost - Assets






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






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






26. Relevant - Accurate - Accessible - Timely - Transferable






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






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






29. Collaborative Planning - Forecasting - and Replenishment






30. 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






31. 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).






32. Influences product availability






33. CFE - MSE - MAD - MAPE






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






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






36. 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.


37. Time - Quality - Cost - Supporting Metrics






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






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






40. Form - Time - Place - Quantity - Possession






41. Anything that touches the customer






42. Deregulation: Transportation - Communications - and Financial Institutions






43. Time - Dependability - Communications - Convenience






44. Electrical Machinery - Power Generation Equipment.






45. Influencing the order - order execution






46. Cost and Freight






47. Item Fill Rate - Line Fill Rate






48. Canada - China - Mexico






49. Strategic Alliance






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