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






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






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






4. Influencing the order - order execution






5. Critical part of global supply chains






6. Electrical Machinery - Power Generation Equipment.






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






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






9. 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






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






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






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






13. Producer to Store - servicing the customer






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






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






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






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






18. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.






19. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences






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






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






22. Free Alongside Ship






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






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






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






26. Form - Time - Place - Quantity - Possession






27. Time - Dependability - Communications - Convenience






28. Distribution Requirement Planning






29. 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






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






31. Assembles and manages the resources - capabilities - and technology of its own organization with those of complementary service providers to deliver a comprehensive supply chain solution.






32. 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






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






34. Cost and Freight






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






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






37. Sales and Order Processing






38. Possession Utility






39. 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).






40. 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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41. Relevant - Accurate - Accessible - Timely - Transferable






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






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






44. Procurement and Manufacturing - value adding activities






45. Measures cost and performance of activities.






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






47. Free On Board






48. Warehouse Management System






49. Product/Service - Information - Finance






50. Time - Quality - Cost - Supporting Metrics







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