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. Anything that touches the customer






2. Free On Board






3. Product/Service - Information - Finance






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






5. Time Utility - Place Utility - Quantity Utility






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






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






8. Transportation Management System






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






10. Time - Dependability - Communications - Convenience






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






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






13. Reliability - Responsiveness - Flexibility - Cost - Assets






14. Enlightened - Educated - easy access to Internet






15. Influences product availability






16. Enterprise Resource Planning






17. Deregulation: Transportation - Communications - and Financial Institutions






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






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






20. Time - Quality - Cost - Supporting Metrics






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






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






23. 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






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






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






26. 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.






27. Item Fill Rate - Line Fill Rate






28. 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.






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






30. Cost and Freight






31. Procurement and Manufacturing - value adding activities






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






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






34. Plays large part in intermodal shipments.






35. Possession Utility






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






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






38. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])






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






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






41. Strategic Alliance






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






43. Customers trade partnership against terrorism






44. Partner






45. Relevant - Accurate - Accessible - Timely - Transferable






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






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






48. Return on Assets.






49. 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






50. Measures cost and performance of activities.