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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. Free On Board






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






3. Form Utility






4. 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).






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






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






7. 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






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






9. Plays large part in intermodal shipments.






10. Electrical Machinery - Power Generation Equipment.






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






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






13. Anything that touches the customer






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






15. Form - Time - Place - Quantity - Possession






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






17. Time - Quality - Cost - Supporting Metrics






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






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






20. 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.






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






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






23. Cost - Insurance - and Freight






24. Producer to Store - servicing the customer






25. Enlightened - Educated - easy access to Internet






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






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






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






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






30. Management of materials in motion and at rest.






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






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






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






34. Deregulation: Transportation - Communications - and Financial Institutions






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






36. Customers trade partnership against terrorism






37. Electrical Machinery - Power Generation Equipment






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






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






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






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






42. Canada - China - Mexico






43. 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






44. Fast - high rate






45. Processes for developing and implementing successful relationship






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






47. Transportation Management System






48. Delivered Duty Paid






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






50. Product/Service - Information - Finance







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Can you answer 50 questions in 15 minutes?


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