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






2. Materials Requirement Planning






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






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






5. Deregulation: Transportation - Communications - and Financial Institutions






6. Critical part of global supply chains






7. Item Fill Rate - Line Fill Rate






8. Assembles and manages the resources - capabilities - and technology of its own organization with those of complementary service providers to deliver a comprehensive supply chain solution.






9. Enlightened - Educated - easy access to Internet






10. Sales and Order Processing






11. Warehouse Management System






12. Partner






13. Organizations require collaboration or cooperation.






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






15. Influencing the order - order execution






16. Procurement and Manufacturing - value adding activities






17. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






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






20. Product/Service - Information - Finance






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






22. Procurement and Manufacturing - value adding activities






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






24. Strategic Alliance






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






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






27. Cost and Freight






28. CFE - MSE - MAD - MAPE






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






30. Supplies expertise to international shippers. Consolidate small shipments. Derives income from fees for service.






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






32. Influences product availability






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






34. The ________ is associated with downstream activities.






35. Marketing - Manufacturing/operations - Finance - Accounting






36. Time Utility - Place Utility - Quantity Utility






37. Transportation Management System






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

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






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






41. Free On Board






42. 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.






43. Fast - high rate






44. 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






45. 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






46. Reliability - Responsiveness - Flexibility - Cost - Assets






47. Order Fill Rate - Perfect Order






48. Electrical Machinery - Power Generation Equipment.






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






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







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