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






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






3. Electrical Machinery - Power Generation Equipment






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






5. Form - Time - Place - Quantity - Possession






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






7. Electrical Machinery - Power Generation Equipment.






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






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






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






11. Free Alongside Ship






12. Procurement and Manufacturing - value adding activities






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






14. 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






15. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






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






18. Customers trade partnership against terrorism






19. Return on Assets.






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






21. Cost and Freight






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






23. Delivered Duty Paid






24. Canada - China - Mexico






25. Deregulation: Transportation - Communications - and Financial Institutions






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






27. The ________ is associated with downstream activities.






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






29. Order Fill Rate - Perfect Order






30. 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






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






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






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






34. Cost - Insurance - and Freight






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






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






37. Right product - right time - right quantity - right quality - right cost - right destination






38. Time Utility - Place Utility - Quantity Utility






39. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation






40. Product/Service - Information - Finance






41. Free On Board






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






43. Influencing the order - order execution






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






45. 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






46. Possession Utility






47. Reliability - Responsiveness - Flexibility - Cost - Assets






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






49. Form Utility






50. Partner







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