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Test your basic knowledge |
Logistics Vocab
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Subject
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business-skills
Instructions:
Answer 50 questions in 15 minutes.
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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. Inventory is replenished on a constant - set schedule and is always ordered at a specific time; the quantity ordered varies depending on forecasted sales before the next order date.
transportation
regrouping function
inventory shrinkage
fixed order interval system
2. Logistics-related decisions are made separately at the divisional or product group level and often in different geographic regions.
contract (third-party) warehousing
decentralized logistics organization
ABC analysis
goods in transit
3. The movement and storage of materials into a firm.
piggyback transportation
market strategy
'C-level' position
inbound logistics
4. Provide effective ways to process personal and organizational business data - to perform calculations - and to create documents.
multiclient warehousing
time utility
land bridge
office automation systems
5. Looks at a single aspect of logistics - such as a time-and-motion study of individuals who handle incoming freight at a receiving dock.
Maquiladora
materials handling
partial systems analysis
time series forecasting
6. Refers to waterborne transportation that utilizes inland and coastal waterways to move shipments from domestic ports to their destination.
short sea shipping
piggyback transportation
maverick spending
simulation
7. A long-term arrangement between a shipper and another party to provide logistics services that is characterized by relational focus - a focus on mutual benefits - and the availability of customized offerings.
third-party logistics (logistics outsourcing)
excess (surplus) materials
logistics information system
contract (third-party) warehousing
8. A group of forecasting techniques that is based on the idea that future demand is solely dependent on past demand.
stockout
RFID (radio-frequency identification)
export management company
time series forecasting
9. System that attempts enterprisewide coordination of relevant business processes by allowing (conceptually - at least) all functional areas within a firm to access and analyze a common database.
International Air Transport Association (IATA)
ERP (Enterprise Resource Planning system)
terminal
weight-gaining product characteristics
10. The shipper of goods.
FOB destination - freight prepaid
Consignor
terms of payment
Consignee
11. Breaking larger quantities into smaller quantities.
FOB destination (delivered) pricing
dead inventory (stock)
detention
allocating
12. Assumes that one or more factors are related to demand - and the relationship between cause and effect can be used to estimate future demand.
flexibility
export packers
cause and effect forecasting
GSCF model
13. Material that is used to block and brace products inside carrier equipment to prevent the shipment from shifting in transit and becoming damaged.
dunnage
office automation systems
freight bill
FOB destination (delivered) pricing
14. Money paid before an exchange.
parcel
EDI (Electronic Data Interchange)
batch number
bribes
15. The orders to be picked are identified by lights placed on shelves or racks.
cost trade-offs
intermodal transportation
information (channel) strategy
pick-to-light technology
16. An order size that minimizes the sum of carrying and ordering costs.
speculative stock
EOQ (Economic Order Quanitity)
responsiveness
simulation
17. Packaging tapered articles inside each other to reduce the cubic volume of the entire shipment.
allocating
nesting
FOB destination (delivered) pricing
fourth-party logistics (lead logistics provider)
18. A uniform sealed reusable metal 'box' in which goods are shipped.
scrap materials
DSS (Decision support system)
containers
brownfields
19. An area - usually near a port or an airport - where goods can be stored or processed before entering through the importing nation's customs inspections.
free (foreign) trade zone
AI
international freight forwarders
SCM (Supply Chain Management)
20. The delay of value-added activities such as assembly - production - and packaging to the latest possible time.
postponement
documentation
scrap materials
Maquiladora
21. For international transactions - refers to determining when and where to transfer between buyer and seller - the physical goods - the payment for goods - legal title - required documentation as well as responsibility for controlling and caring f
EDI (Electronic Data Interchange)
system security
terms of sale
systems approach
22. Refers to software that has been developed for managers to deal with specifics logistics functions or activities (e.g. transportation management systems)
transportation
Application-specific software
power retailer
place utility
23. Each product is assigned a specific location in a warehouse and is always stored there.
postponement
fixed slot location
phantom freight
global procurement (sourcing)
24. The elapsed time from when an order is picked up by a transportation carrier until it is received by the customer.
time utility
transit time
information (channel) strategy
logistics information system
25. Short- to medium-term horizon - Six-month to one-year (plus) time-span - Subsystem decisions are made - - should not impose on other logistics components - Annual budgets provide finance/cost basis - The strategic plan detail is made into an operatio
WMS (Warehouse Management Systems)
allocating
allocating
Tactical (planning time horizon)
26. Products that customers view as being able to fill the same need or want as another product.
substitute products
grid system
TOFC
cross-docking
27. The receiver of a shipment.
order triage
flexibility
Consignee
centralized logistics organization
28. An order that simultaneously achieves relevant customer metrics.
order fill rate
perfect order
SKU (stock-keeping unit)
facility location
29. The shipment size that equates transportation charges for different rates and weight groups.
cargo preference
simulation
public warehousing
weight break
30. Inventories that are used or distributed together (e.g. razor blades and razors).
multiclient warehousing
productivity
reverse logistics
complementary products
31. Building up a variety of different products for resale to a particular customer.
system security
transaction processing system
assorting
FOB origin - freight prepaid and charged back
32. Elapsed time between a customer places an order and when the goods are received.
order cycle
cube out
flexibility
agile supply chain
33. The time from when the seller receives an order until an appropriate location is authorized to fill the order.
bulk-breaking
unit load devices
freight forwarder
order processing
34. The buyer pays the freight charges when the goods arrive - and the seller owns the goods while they are in transit.
FOB destination - freight collect
parcel carriers
international logistics
parcel
35. According to the Council of Supply Chain Management Professionals (CSCMP) - that part of supply chain management that plans - implements - and controls the efficient - effective forward and reverse flow and storage of goods - services - and rel
office automation systems
logistics
GSCF model
broker
36. A small platform (made of plastic - steel - or wood) on which goods are placed for handling by mechanical means.
pallet (skid)
international logistics
'C-level' position
fixed slot location
37. The time from when a transportation carrier picks up the shipment until it is received by the customer.
order delivery
terms of sale
Bill of Lading
international logistics
38. A location technique utilizing a map or grid - with specific locations marked on the north-south and east-west axes. Its purpose is to find a location that minimizes transportation costs.
ROP (reorder point)
grid system
fast supply chain
certificate of origin
39. Refers to the value or usefulness of a product in fulfilling customer needs and wants.
economic utility
private warehousing
FOB origin pricing
push inventory system
40. Similar to common carriers in that public warehousing serves all legitimate users and has certain responsibilities to this users.
form utility
relevancy
public warehousing
order delivery
41. A system that simplifies each of the three primary rate factors - product - weight - and distance.
accumulating
class rate system
simulation
pipeline (in-transit) stock
42. Refers to corporate officers such as a chief executive officer (CEO) - chief operating officer (COO) - or chief financial officer (CFO).
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43. Refers to forecasting that involves judgment or intuition and is preferred in situations where there is limited - or no - historical data.
judgmental forecasting
supply management
productivity
order triage
44. An invoice submitted by a transportation carrier requesting to be paid.
free (foreign) trade zone
supplier parks
freight bill
tariffs
45. Stock that exceeds the reasonable requirements of an organization.
allocating
WMS (Warehouse Management Systems)
excess (surplus) materials
fixed order interval system
46. Emphasizes a speed or time component.
customs broker
throughput
possession utility
fast supply chain
47. Employee theft.
unitization
pilferage
weight-gaining product characteristics
tracing
48. Are similar to credit cards for personal use - only p-cards are used for organizational purchases.
p-cards (procurement cards)
letter of credit
variable slot location
multiclient warehousing
49. The orderly and planned observation of one or more segments in the logistics network or supply chain.
transit time
data mining
systems analysis
intermodal transportation
50. A warehousing facility that is owned or occupied on a long-term lease by the firm using it.
GDP
private warehousing
physical distribution
bribes