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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. Procurement and Manufacturing - value adding activities






2. Enterprise Resource Planning






3. Plays large part in intermodal shipments.






4. Measures cost and performance of activities.






5. Influencing the order - order execution






6. Return on Assets.






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






8. Free On Board






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






10. Transportation Management System






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






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






13. Influences product availability






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






15. Management of materials in motion and at rest.






16. 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






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






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






19. Deregulation: Transportation - Communications - and Financial Institutions






20. Materials Requirement Planning






21. Enlightened - Educated - easy access to Internet






22. Warehouse Management System






23. Cost and Freight






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






25. Cost - Insurance - and Freight






26. Strategic Alliance






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






28. 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.






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






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






31. 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






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






33. Form Utility






34. Distribution Requirement Planning






35. Delivered Duty Paid






36. Organizations require collaboration or cooperation.






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






38. Reliability - Responsiveness - Flexibility - Cost - Assets






39. Electrical Machinery - Power Generation Equipment.






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






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






42. Product/Service - Information - Finance






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






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






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






46. Business Logistics - Military Logistics - Event Logistics - Service Logistics






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






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






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






50. Electrical Machinery - Power Generation Equipment







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