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






2. 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






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






4. Primarily created through the basic marketing activities related to the promotion of products and services -






5. Relevant - Accurate - Accessible - Timely - Transferable






6. 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






7. Organizations require collaboration or cooperation.






8. Business Logistics - Military Logistics - Event Logistics - Service Logistics






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






10. Transportation Management System






11. Management of materials in motion and at rest.






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






13. Anything that touches the customer






14. Critical part of global supply chains






15. 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






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






17. Time Utility - Place Utility - Quantity Utility






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






19. Producer to Store - servicing the customer






20. Deregulation: Transportation - Communications - and Financial Institutions






21. Challenge is to evaluate and successfully implement the technology






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






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






24. Reliability - Responsiveness - Flexibility - Cost - Assets






25. Order Fill Rate - Perfect Order






26. 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






27. Segment Customer Base - Identify the product service package - Develop and execute the best procedures - measure performance continuously






28. Partner






29. Distribution Requirement Planning






30. Form - Time - Place - Quantity - Possession






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






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






33. Delivered Duty Paid






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






35. Analyze and evaluate on organizations efficiency over a time period.






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






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






38. Electrical Machinery - Power Generation Equipment






39. Sales and Order Processing






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






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






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






43. Procurement and Manufacturing - value adding activities






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






45. CFE - MSE - MAD - MAPE






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






47. Right: information - partner - quantity - format - time - place - cost

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48. Processes for developing and implementing successful relationship






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






50. Form Utility







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