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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. Strategic Alliance






2. Reliability - Responsiveness - Flexibility - Cost - Assets






3. Possession Utility






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






5. Management of materials in motion and at rest.






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

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






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






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






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






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






12. Anything that touches the customer






13. 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






14. 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).






15. Enlightened - Educated - easy access to Internet






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






17. Producer to Store - servicing the customer






18. Electrical Machinery - Power Generation Equipment.






19. Processes for developing and implementing successful relationship






20. Materials Requirement Planning






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






22. Time Utility - Place Utility - Quantity Utility






23. Critical part of global supply chains






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






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






26. 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






27. 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






28. 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.






29. Order Fill Rate - Perfect Order






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






31. Vendor

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32. Deregulation: Transportation - Communications - and Financial Institutions






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






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






35. Procurement and Manufacturing - value adding activities






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






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






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






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






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






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






43. Plays large part in intermodal shipments.






44. Electrical Machinery - Power Generation Equipment






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






46. 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.






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






48. Procurement and Manufacturing - value adding activities






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






50. Return on Assets.







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