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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. Partner






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






3. The ________ is associated with downstream activities.






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






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






6. Relevant - Accurate - Accessible - Timely - Transferable






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






8. Form - Time - Place - Quantity - Possession






9. Organizations require collaboration or cooperation.






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






11. 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






12. Free Alongside Ship






13. CFE - MSE - MAD - MAPE






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






15. Deregulation: Transportation - Communications - and Financial Institutions






16. 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.

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17. 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






18. Electrical Machinery - Power Generation Equipment.






19. Warehouse Management System






20. Materials Requirement Planning






21. Reliability - Responsiveness - Flexibility - Cost - Assets






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






23. Marketing - Manufacturing/operations - Finance - Accounting






24. Concern and potential challenge since 9/11. Must be prepared for terrorist attack.






25. Sales and Order Processing






26. Fast - high rate






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






28. Canada - China - Mexico






29. Item Fill Rate - Line Fill Rate






30. Product/Service - Information - Finance






31. Return on Assets.






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






33. Possession Utility






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






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






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






37. 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.






38. Measures cost and performance of activities.






39. Processes for developing and implementing successful relationship






40. 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).






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






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






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






44. Plays large part in intermodal shipments.






45. Strategic Alliance






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






47. Time Utility - Place Utility - Quantity Utility






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






49. Customers trade partnership against terrorism






50. Business Logistics - Military Logistics - Event Logistics - Service Logistics






Can you answer 50 questions in 15 minutes?



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