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






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






3. CFE - MSE - MAD - MAPE






4. Electrical Machinery - Power Generation Equipment






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






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






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






8. Warehouse Management System






9. Form - Time - Place - Quantity - Possession






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






11. Challenge is to evaluate and successfully implement the technology






12. Marketing - Manufacturing/operations - Finance - Accounting






13. Return on Assets.






14. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






15. Producer to Store - servicing the customer






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






17. Collaborative Planning - Forecasting - and Replenishment






18. 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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19. Act as agents for domestic firms in the international arena.






20. Influencing the order - order execution






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






22. Critical part of global supply chains






23. Fast - high rate






24. Business Logistics - Military Logistics - Event Logistics - Service Logistics






25. Free Alongside Ship






26. Procurement and Manufacturing - value adding activities






27. Sales and Order Processing






28. Management of materials in motion and at rest.






29. Time Utility - Place Utility - Quantity Utility






30. Partner






31. Relevant - Accurate - Accessible - Timely - Transferable






32. Item Fill Rate - Line Fill Rate






33. Free On Board






34. 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.






35. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation






36. Vendor

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37. Transportation Management System






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






39. Strategic Alliance






40. Influences product availability






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






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






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






44. 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






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






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






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






48. Reliability - Responsiveness - Flexibility - Cost - Assets






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






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







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