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






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






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






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






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






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






7. Time Utility - Place Utility - Quantity Utility






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






9. 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.






10. Influences product availability






11. Return on Assets.






12. Order Fill Rate - Perfect Order






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






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






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






16. Procurement and Manufacturing - value adding activities






17. Time - Quality - Cost - Supporting Metrics






18. Enlightened - Educated - easy access to Internet






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






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






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






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






23. Item Fill Rate - Line Fill Rate






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






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






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






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






28. Challenge is to evaluate and successfully implement the technology






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






30. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






31. Product/Service - Information - Finance






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


33. Influencing the order - order execution






34. 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.


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






36. 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






37. Cost and Freight






38. Partner






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






40. Transportation Management System






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






42. Delivered Duty Paid






43. Vendor


44. 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






45. 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.






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






47. 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.






48. Critical part of global supply chains






49. Free Alongside Ship






50. 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).