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






2. 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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3. The most pervasive and important global shipment method. Low rates - wide variety of products






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






5. Plays large part in intermodal shipments.






6. Measures cost and performance of activities.






7. Return on Assets.






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






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






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






11. Producer to Store - servicing the customer






12. Distribution Requirement Planning






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






14. Partner






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






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






17. Warehouse Management System






18. 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.






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






20. Time Utility - Place Utility - Quantity Utility






21. 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






22. Procurement and Manufacturing - value adding activities






23. Time - Dependability - Communications - Convenience






24. Reliability - Responsiveness - Flexibility - Cost - Assets






25. 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.






26. Deregulation: Transportation - Communications - and Financial Institutions






27. Relevant - Accurate - Accessible - Timely - Transferable






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






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






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






31. Collaborative Planning - Forecasting - and Replenishment






32. Free On Board






33. Electrical Machinery - Power Generation Equipment






34. Cost and Freight






35. The art and science of management - engineering - and technical activities concerned with requirements - design - and supplying and maintaining resources to support objectives - plans - and operations.






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






37. 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






38. Time - Quality - Cost - Supporting Metrics






39. Management of materials in motion and at rest.






40. Possession Utility






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






42. Electrical Machinery - Power Generation Equipment.






43. Network of activities - facilities and personnel required to organize - schedule and deploy the resources for an even to take place and to effectively withdraw after the even (ex: Superbowl).






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






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






46. Enterprise Resource Planning






47. Sales and Order Processing






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






49. Challenge is to evaluate and successfully implement the technology






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






Can you answer 50 questions in 15 minutes?



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