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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. 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






2. Item Fill Rate - Line Fill Rate






3. CFE - MSE - MAD - MAPE






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






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






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






7. 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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8. Cost and Freight






9. Marketing - Manufacturing/operations - Finance - Accounting






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






11. Anything that touches the customer






12. Enterprise Resource Planning






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






14. Form - Time - Place - Quantity - Possession






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






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






17. 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.






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






19. Concern and potential challenge since 9/11. Must be prepared for terrorist attack.






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

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21. Procurement and Manufacturing - value adding activities






22. Fast - high rate






23. Reliability - Responsiveness - Flexibility - Cost - Assets






24. Distribution Requirement Planning






25. Return on Assets.






26. The ________ is associated with downstream activities.






27. Producer to Store - servicing the customer






28. Critical part of global supply chains






29. Vendor

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






31. Challenge is to evaluate and successfully implement the technology






32. Electrical Machinery - Power Generation Equipment.






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






34. Deregulation: Transportation - Communications - and Financial Institutions






35. Influences product availability






36. 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






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






38. Organizations require collaboration or cooperation.






39. Relevant - Accurate - Accessible - Timely - Transferable






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






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






42. Influencing the order - order execution






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






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






45. 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.






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






47. Warehouse Management System






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






49. Time - Dependability - Communications - Convenience






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







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