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






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






3. The dual flow of Product/Services - Information - and Finances across the suppliers - distributors - manufacturers - wholesalers - and customers.






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






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






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






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






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






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






10. Canada - China - Mexico






11. Order Fill Rate - Perfect Order






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

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






14. Form - Time - Place - Quantity - Possession






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






16. Organizations require collaboration or cooperation.






17. 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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18. Sales and Order Processing






19. Management of materials in motion and at rest.






20. Marketing - Manufacturing/operations - Finance - Accounting






21. Time - Quality - Cost - Supporting Metrics






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






23. Challenge is to evaluate and successfully implement the technology






24. Reliability - Responsiveness - Flexibility - Cost - Assets






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






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






27. Collaborative Planning - Forecasting - and Replenishment






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






29. The design and integration of all aspects of support for the operational capability of the military forces and their equipment to ensure readiness - reliability and efficiency.






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






31. Influences product availability






32. Electrical Machinery - Power Generation Equipment.






33. Partner






34. 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






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






36. Plays large part in intermodal shipments.






37. 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






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






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






40. 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






41. Delivered Duty Paid






42. Deregulation: Transportation - Communications - and Financial Institutions






43. Free Alongside Ship






44. Materials Requirement Planning






45. Product/Service - Information - Finance






46. Value added to goods through a manufacturing or assembly process.






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






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






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






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







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