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






2. 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).






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






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






5. Fast - high rate






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






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






8. 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






9. Measures cost and performance of activities.






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






11. Customers trade partnership against terrorism






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






13. Warehouse Management System






14. The ________ is associated with downstream activities.






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






16. Management of materials in motion and at rest.






17. Deregulation: Transportation - Communications - and Financial Institutions






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






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






20. Processes for developing and implementing successful relationship






21. Free On Board






22. Canada - China - Mexico






23. Possession Utility






24. Form Utility






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






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






27. Producer to Store - servicing the customer






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






29. Distribution Requirement Planning






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






31. Item Fill Rate - Line Fill Rate






32. Order Fill Rate - Perfect Order






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






34. Vendor


35. Cost - Insurance - and Freight






36. Cost and Freight






37. 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.






38. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility






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






40. Transportation Management System






41. 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






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






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






44. Product/Service - Information - Finance






45. Organizations require collaboration or cooperation.






46. Sales and Order Processing






47. 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.






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






49. Challenge is to evaluate and successfully implement the technology






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