Test your basic knowledge |

Logistics Vocab

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. Emphasizes a speed or time component.






2. Specifies the country(ies) in which a product is manufactured.






3. The shipper of goods.






4. Collects and stores information about transactions and may also control some aspects of transactions.






5. The process of determining how a shipment will be moved between consignor and consignee or between place of acceptance by the carrier and place of delivery to the consignee.






6. People - equipment - and procedures to gather - sort - analyze - evaluate - and distribute needed - timely - and accurate information to logistics decision makers.






7. The science that seeks to adapt work or working conditions to suit the abilities of the worker.






8. Refers to software that has been developed for managers to deal with specifics logistics functions or activities (e.g. transportation management systems)






9. U.S. federal government body with primary responsibility for transportation safety regulation.






10. Strives to keep customers happy and creates in the customer's mind the perception of an organization that is easy to do business with.






11. The seller owns the goods in transit - prepays the freight charges - and bills the buyer for the freight charges.






12. Building up a variety of different products for resale to a particular customer.






13. Measurement that ensures conformity with an organization's policies - procedures - or standards.






14. These are material that have been spoiled - broken - or otherwise rendered unfit for further use or reclamation.






15. The orderly and planned observation of one or more segments in the logistics network or supply chain.






16. An inventory system that responds to forecasted (rather than actual) customer demand.






17. Established in the late 1980s to recognize U.S. organizations for their achievements in quality and performance.






18. According to the Council of Supply Chain Management Professionals - SCM encompasses the planning and management of all activities involved in sourcing and procurement - conversion - and all logistics management activities. Importantly - it also i






19. The amount of output divided by the amount of input.






20. A specific rate for every possible combination of product - weight - and distance.






21. Occurs when a cargo takes up a vehicle's or a container's cubic capacity before reaching its weight capacity.






22. Refers to how easy a commodity is to pack into a load.






23. A one-size-fits-all approach in which every customer gets the same type and levels of logistics service.






24. Utilizes sophisticated quantitative techniques to find hidden patterns in large volumes of data.






25. A group of forecasting techniques that is based on the idea that future demand is solely dependent on past demand.






26. A U.S. government agency with primary responsibility for regulating railroad pricing and service.






27. Nonprofit membership cooperatives that perform basically the same function as freight forwarders.

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28. Employee theft.






29. A payment from a shipper or consignee to a truck carrier for having kept the carrier's equipment too long.






30. A buyer invites bids from multiple sellers - and the seller with the lowest bid is often awarded the business.






31. Breaking larger quantities into smaller quantities.






32. A flat sheet of either fiberboard material or plastic that is placed under the unit load.






33. A U.S. federal agency that regulates workplaces to ensure the safety of workers.






34. A product that gains weight in processing; the processing point should be close to the market.






35. A common credential that will be used to identify workers across all modes of transportation.






36. Each product is assigned a specific location in a warehouse and is always stored there.






37. Generates and uses few or no paper documents and relies on technology to accomplish the relevant tasks.






38. Using a container that can be transferred from the vehicle of one mode to a vehicle of another - and with the movement covered under a single bill of lading.






39. For-hire carriers that have been exempted from economic regulation through provisions in various pieces of legislation.






40. Creating - maintaining - and enhancing strong relationships with customers and other stakeholders.






41. Refers to the allocation of revenues and costs to customer segments or individual customers to calculate the profitability of the segments or customers.






42. Assemble small shipments into a single - larger shipment.






43. Inventory needed to satisfy demand during an order cycle.






44. Positive - long-term relationships between supply chain participants.






45. A warehouse with an emphasis on quick throughput - such as is needed in supporting marketing efforts.






46. A measure of how heavy a product is in relation to its size.






47. Money paid before an exchange.






48. An international logistics specialist that custom packs shipments when the exporter lacks the equipment or expertise to do so itself.






49. The short-distance movement of material between two or more points.






50. A strategic orientation in which traditional logistics activities are managed as a value-added system.