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






2. 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






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






4. Possession Utility






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






6. Warehouse Management System






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






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






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






10. Distribution Requirement Planning






11. Enterprise Resource Planning






12. 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).






13. Time - Quality - Cost - Supporting Metrics






14. 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.






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






16. Form Utility






17. Electrical Machinery - Power Generation Equipment.






18. 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.






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






20. Processes for developing and implementing successful relationship






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






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






23. Transportation Management System






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






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






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






27. Relevant - Accurate - Accessible - Timely - Transferable






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






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






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






31. Order Fill Rate - Perfect Order






32. Time Utility - Place Utility - Quantity Utility






33. Procurement and Manufacturing - value adding activities






34. The ________ is associated with downstream activities.






35. Anything that touches the customer






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






37. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






38. 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






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






40. Deregulation: Transportation - Communications - and Financial Institutions






41. Strategic Alliance






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






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






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






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






46. Challenge is to evaluate and successfully implement the technology






47. Electrical Machinery - Power Generation Equipment






48. Producer to Store - servicing the customer






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






50. Organizations require collaboration or cooperation.







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