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






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






3. Partner






4. Possession Utility






5. Right product - right time - right quantity - right quality - right cost - right destination






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






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






8. Canada - China - Mexico






9. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service






10. Cost and Freight






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






12. Cost - Insurance - and Freight






13. Processes for developing and implementing successful relationship






14. Item Fill Rate - Line Fill Rate






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






16. Delivered Duty Paid






17. Concern and potential challenge since 9/11. Must be prepared for terrorist attack.






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






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






20. Critical part of global supply chains






21. 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






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






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






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






25. Time - Quality - Cost - Supporting Metrics






26. Procurement and Manufacturing - value adding activities






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






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






29. Free Alongside Ship






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






31. Return on Assets.






32. Marketing - Manufacturing/operations - Finance - Accounting






33. Electrical Machinery - Power Generation Equipment.






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






35. 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






36. Reliability - Responsiveness - Flexibility - Cost - Assets






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






38. 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.






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






40. Form Utility






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






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






43. 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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44. Relevant - Accurate - Accessible - Timely - Transferable






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






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






47. Real and recognized benefits to all members - Dynamic creation - measurement - and evolution of collaborative partnerships - Co-buyer and co-seller relationships - Flexibility and security - Collaboration across all stages of business process integ






48. Transportation Management System






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






50. 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







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Can you answer 50 questions in 15 minutes?


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