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55 Multiple choice questions

  1. Virtual meetings via computer technology
  2. Price of a product at its source plus transportation costs to its destination
  3. Uses the internet to make it easier, faster, and less expensive for an organization to purchase goods and services
  4. Creates and maintains consistent data processing methods and an integrated database across multiple business functions
  5. A uniform sealed reusable metal "box" in which goods are shipped
  6. Utilizes sophisticated quantitative techniques to find hidden patterns in large volumes of data
  7. Spreadsheet applications to calculate optimal order quantities
  8. Worldwide public cloud services market - where software, services, or information are shared via the Internet without the users having control over the technology infrastructure
  9. Refers to the value or usefulness of a product in fulfilling customer needs and wants
  10. The removal of levels (Layers) from a channel of distribution
  11. Groups of customers with similar logistical needs and wants are provided with logistics service appropriate to those needs and wants
  12. Refers to products that meet present needs without compromising the ability of future generations to meet their needs
  13. Use satellites that allow companies to compute vehicle positions, velocity, and time
  14. Simulation, data mining
  15. A set of institutions necessary to transfer the title to goods and to move goods from the point of production to the point of consumption and, as such, which consists of all the institutions and all the marketing activities in the marketing process
  16. Provides effective ways to process personal and organizational business data, to perform calculations, and to create documents
  17. Stores with large amounts of both floor space and products for sale
  18. Refers to software that has been developed for managers to deal with specific logistics functions or activities
  19. Computer-to-computer transmission of business data in a structured format
  20. Having products available when they are needed by customers
  21. The process and systems involved in mobilizing people, resources, skills, and knowledge to help people who have been affected by either a natural or human-made disaster
  22. The delay of value-added incentives such as assembly, production, and packaging to the latest possible time
  23. A body of facts in a format suitable for decision making
  24. Being out of an item at the same time there is a willing buyer for it
  25. Refers to software that users access on a per-use basis instead of software they own or license for installation
  26. Logistics information system (LIS)
  27. The use of radio frequency to identify objects that have been implanted with an RFID tag.
  28. Logistics modules of enterprise resource planning systems
  29. 1. Logistics is that part of the supply chain
    2. Process that plans, implements, and controls the efficient
    3. Effective forward and reverse flow and storage
    4. Of goods, services, and related information
    5. Between the point of origin and the point of consumption
    6. In order to meet customers' requirements
  30. Refers to the value or usefulness that comes from a customer being able to take possession of a product
  31. A buyer invites bids from multiple sellers, and the seller with the lowest bid is often awarded the business
  32. Helps people make decisions by providing information, models, or analysis tools
  33. A software package that automates the process of building orders, tending loads, and tracking shipments, audits, and payments.
  34. Utilize spreadsheet software and add-ins to help logisticians make complex judgments and decisions about key logistics issues at strategic, tactical, operational and collaborative levels
  35. People, equipment, and procedures to gather, sort, analyze, evaluate, and distribute needed, timely, and accurate information to logistics decision makers
  36. Software packages that control the movement and storage of materials within a warehousing facility
  37. A company's objectives can be realized by recognizing the mutual interdependence of the major functional areas of the firm, such as marketing, production, finance, and logistics.
  38. Converts TPS data into information for monitoring performance and managing an organization; provides executives information in a readily accessible format
  39. Refers to communication without cables and cords, and includes infrared, microwave, and radio transmissions
  40. Storage of finished product and movement to the customers
  41. Collects and stores information about transactions; controls some aspects of transactions
  42. Helps people work together by interacting and sharing information in many different forms
  43. Concept that suggests that all relevant activities in moving and storing products should be considered as a whole, not individually.
  44. The collection of large amounts of near real-time data collected through a variety of sources, such as sensors, smart phones, RF tags and business-to-business data exchanges
  45. The movement and storage of materials into a firm
  46. Having products available where they are needed by customers
  47. Lets a company automate and integrate the majority of its business processes, share common data and practices across the enterprise, and produce and access information in a real-time environment
  48. Bridges the discrepancy between the assortment of goods and services generated by the producer and the assortment demanded by the customer
  49. Changes to one logistics activity cause some costs to increase and others to decrease
  50. Refers to an alliance that allows customers to purchase products from two or more name-brand retailers at one store location
  51. Refers to a product's being in a form that can be used by the customer and is of value of the customer
  52. A central repository for all relevant data collected by an organization
  53. EDI; Point-of-sale systems, bar codes
  54. Each separate type of item that is accounted for in an inventory
  55. A technique that models a real-world system, typically using mathematical equations to represent the relationships among components of the real-world system