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






2. Measures cost and performance of activities.






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






4. 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






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

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6. Distribution Requirement Planning






7. Anything that touches the customer






8. 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).






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






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






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






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






13. Procurement and Manufacturing - value adding activities






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






15. Influences product availability






16. Business Logistics - Military Logistics - Event Logistics - Service Logistics






17. Deregulation: Transportation - Communications - and Financial Institutions






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






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






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






21. Canada - China - Mexico






22. Enterprise Resource Planning






23. Strategic Alliance






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






25. Cost - Insurance - and Freight






26. Relevant - Accurate - Accessible - Timely - Transferable






27. 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






28. Vendor

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29. Possession Utility






30. Electrical Machinery - Power Generation Equipment






31. Collaborative Planning - Forecasting - and Replenishment






32. Fast - high rate






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






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






35. Form Utility






36. Free Alongside Ship






37. Product/Service - Information - Finance






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






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






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






41. Plays large part in intermodal shipments.






42. Reliability - Responsiveness - Flexibility - Cost - Assets






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






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






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






46. Electrical Machinery - Power Generation Equipment.






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






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






49. Delivered Duty Paid






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







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