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Business Logistics Management

Subject : business-skills
  • Answer 50 questions in 15 minutes.
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  • 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. 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.

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. Plays large part in intermodal shipments.

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

5. Marketing - Manufacturing/operations - Finance - Accounting

6. Producer to Store - servicing the customer

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

8. Time Utility - Place Utility - Quantity Utility

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

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

11. Increased complexity for organizations (from SKUs to trade regulations) is a problem. Organizations should simplify.

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

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

14. Enlightened - Educated - easy access to Internet

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

16. Reliability - Responsiveness - Flexibility - Cost - Assets

17. 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.

18. Procurement and Manufacturing - value adding activities

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

20. Electrical Machinery - Power Generation Equipment.

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

22. Focuses on the outbound side of of a firm's logistics system.

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

24. Critical part of global supply chains

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

26. Influences product availability

27. Form - Time - Place - Quantity - Possession

28. Canada - China - Mexico

29. Enterprise Resource Planning

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

31. Management of materials in motion and at rest.

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

33. Influencing the order - order execution

34. The ________ is associated with downstream activities.

35. Challenge is to evaluate and successfully implement the technology

36. 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

37. Customers trade partnership against terrorism

38. 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

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

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

41. Delivered Duty Paid

42. Vendor

43. 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.

44. Free On Board

45. Time - Dependability - Communications - Convenience

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

47. Business Logistics - Military Logistics - Event Logistics - Service Logistics

48. Possession Utility

49. Return on Assets.

50. Relevant - Accurate - Accessible - Timely - Transferable