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






2. Plays large part in intermodal shipments.






3. Vendor

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






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






6. Order Fill Rate - Perfect Order






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






8. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.






9. Partner






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






11. 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.






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






13. 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.






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






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






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






17. Possession Utility






18. Form - Time - Place - Quantity - Possession






19. Deregulation: Transportation - Communications - and Financial Institutions






20. Marketing - Manufacturing/operations - Finance - Accounting






21. Fast - high rate






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






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






24. Product/Service - Information - Finance






25. Strategic Alliance






26. 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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27. Cost - Insurance - and Freight






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






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






30. Distribution Requirement Planning






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






32. Time - Dependability - Communications - Convenience






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






34. 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






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






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






37. Enlightened - Educated - easy access to Internet






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






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






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






41. 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.






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






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






44. Measures cost and performance of activities.






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






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






47. Item Fill Rate - Line Fill Rate






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






49. Return on Assets.






50. 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







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Can you answer 50 questions in 15 minutes?


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