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






2. 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






3. Cost and Freight






4. Possession Utility






5. Enlightened - Educated - easy access to Internet






6. Free Alongside Ship






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






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






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






10. Procurement and Manufacturing - value adding activities






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






12. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






13. 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






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






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






16. Fast - high rate






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






18. Transportation Management System






19. Partner






20. Influences product availability






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






22. 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.






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






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






26. The ________ is associated with downstream activities.






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






28. Order Fill Rate - Perfect Order






29. Customers trade partnership against terrorism






30. Management of materials in motion and at rest.






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






32. Anything that touches the customer






33. Electrical Machinery - Power Generation Equipment.






34. Critical part of global supply chains






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






36. Cost - Insurance - and Freight






37. 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).






38. Item Fill Rate - Line Fill Rate






39. Influencing the order - order execution






40. Growth to a global or worldwide scale. Important Issues in a SC: More volatile supply and demand - shorter product lifetimes - blurring of organizational boundaries.






41. Product/Service - Information - Finance






42. Strategic Alliance






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






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






45. Time - Quality - Cost - Supporting Metrics






46. Plays large part in intermodal shipments.






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






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






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






50. Form Utility







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