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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. Time - Quality - Cost - Supporting Metrics






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






3. Influences product availability






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






5. Challenge is to evaluate and successfully implement the technology






6. 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.






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






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






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






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






11. Organizations require collaboration or cooperation.






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






13. Electrical Machinery - Power Generation Equipment






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






15. 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






16. 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






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

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18. Producer to Store - servicing the customer






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






20. Cost and Freight






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






22. Form - Time - Place - Quantity - Possession






23. 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).






24. Vendor

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






26. Canada - China - Mexico






27. CFE - MSE - MAD - MAPE






28. Distribution Requirement Planning






29. Time - Dependability - Communications - Convenience






30. 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






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






32. Return on Assets.






33. Critical part of global supply chains






34. Cost - Insurance - and Freight






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






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






37. Management of materials in motion and at rest.






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






39. Export goods and services to overseas buyers and handles most of the export arrangements.






40. 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






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






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






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






44. Collaborative Planning - Forecasting - and Replenishment






45. Marketing - Manufacturing/operations - Finance - Accounting






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






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






48. Measures cost and performance of activities.






49. Form Utility






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







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