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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. 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.


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






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






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






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






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






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






8. Time - Quality - Cost - Supporting Metrics






9. Organizations require collaboration or cooperation.






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


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






12. Transportation Management System






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






14. Order Fill Rate - Perfect Order






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






16. Free Alongside Ship






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






18. Relevant - Accurate - Accessible - Timely - Transferable






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






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






21. Cost - Insurance - and Freight






22. 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






23. Partner






24. Item Fill Rate - Line Fill Rate






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






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






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






28. Materials Requirement Planning






29. Anything that touches the customer






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






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






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






33. Cost and Freight






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






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






36. Free On Board






37. Time Utility - Place Utility - Quantity Utility






38. Time - Dependability - Communications - Convenience






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






40. Plays large part in intermodal shipments.






41. Critical part of global supply chains






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






43. Marketing - Manufacturing/operations - Finance - Accounting






44. Vendor


45. Delivered Duty Paid






46. Procurement and Manufacturing - value adding activities






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






48. Electrical Machinery - Power Generation Equipment.






49. Sales and Order Processing






50. Influences product availability






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