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Test your basic knowledge |
Logistics Vocab
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Study First
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. Damage that is not initially apparent but is discovered after a package is opened.
hazardous materials
speculative stock
inventory
concealed damage
2. A group of forecasting techniques that is based on the idea that future demand is solely dependent on past demand.
cycle (base) stock
classification
class rate system
time series forecasting
3. An international payment option that is issued by a bank and guarantees payment to a seller provided that the seller has complied with the applicable terms and conditions of the particular transaction.
letter of credit
bulk-breaking
empowerment zone
LIS
4. 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.
shrink-wrap
third-party logistics (logistics outsourcing)
short-interval scheduling
short sea shipping
5. Logistics Information System
tariffs
LIS
supplier parks
comprehensive systems analysis
6. Depicts the demand for - and replenishment of - inventory.
inventory flow diagram
comprehensive systems analysis
AI
field warehousing
7. Simulation of the types of problems that the package will be exposed to in warehouses and in transit.
Consignor
International Air Transport Association (IATA)
package testing
FOB origin pricing
8. Refers to a situation in which a hazard or defect is discovered in a manufactured or processed item - and its return is mandated by a government agency.
system constraints
product recall
fixed order quantity system
Nonvessel-operating common carrier (NVOCC)
9. Similar to diversion - but it occurs after the shipment has arrived in the destination city.
logistics information system
reconsignment
FOB destination (delivered) pricing
partnerships
10. The seller owns the goods in transit - prepays the freight charges - and bills the buyer for the freight charges.
bulk-making
WMS (Warehouse Management Systems)
FOB destination - freight prepaid and charged back
expediting
11. 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
fixed order interval system
TOFC
terms of sale
fragmented logistics structure
12. Money paid after an exchange.
private carrier
part-to-picker system
kickbacks
inventory tax
13. An invoice submitted by a transportation carrier requesting to be paid.
systems analysis
freight bill
channel intermediaries
Bill of Lading
14. A small platform (made of plastic - steel - or wood) on which goods are placed for handling by mechanical means.
pallet (skid)
routing
GDP
package testing
15. The seller pays the freight charges - but the buyer owns the goods in transit.
ABC (Activity-based costing)
routing
systems approach
FOB origin - freight prepaid
16. Fixed facilities - such as a plant - warehouse - or store - in a logistics system.
stowability
BOL
nodes
on-demand software
17. A cartel consisting of nearly all the world's scheduled international airlines.
International Air Transport Association (IATA)
FOB origin pricing
investment recovery
right-to-work laws
18. A technique used to model the systems under study - typically using mathematical equations to represent relationships among components of a logistics system.
simulation
suboptimization
cube out
flags of convenience
19. Piggyback traffic - or loading truck trailers onto rail flatcars.
throughput
TOFC (trailer on flatcar)
system constraints
private warehousing
20. Inventory is replenished with a set quantity every time it is ordered; the time interval between orders may vary.
cube out
Strategic (planning time horizon)
fixed order quantity system
order cycle
21. The use of speech to guide order-picking activities.
quality-of-life considerations
comprehensive systems analysis
DOT (Department of Transportation)
voice-based order picking
22. Characterized by variability in demand orders among supply chain participants.
EDI (Electronic Data Interchange)
sweatshops
regrouping function
bullwhip effect
23. Refers to the number of carriers within each mode.
fixed order quantity system
dunnage
intramodal competition
expatriate workers
24. All activities associated with the flow and transformation of goods from the raw material stage - through to the end user - as well as the associated information flows.
contract (third-party) warehousing
commercial invoice
agile supply chain
supply chain
25. Refers to the number of transportation modes available to prospective users.
shippers' associations
stockout cost
intermodal competition
right-to-work laws
26. Refers to logistical activities associated with goods that move across national boundaries.
materials management
information (channel) strategy
international logistics
reconsignment
27. Refers to warehousing situations where goods are not released until applicable fees are paid. As an example - Internal Revenue Service - bonded warehouses hold goods other federal taxes and fees collected.
consolidate
bonded storage
weight-gaining product characteristics
transit time
28. An international logistics specialist that custom packs shipments when the exporter lacks the equipment or expertise to do so itself.
contract logistics
export packers
draft
materials handling
29. Cartels of all ocean vessel operators operating between certain trade areas.
reconsignment
supplier development (reverse marketing)
shipping conferences
FOB origin - freight collect
30. Similar to the center-of-gravity locational approach - except that shipping volumes are also taken into account.
assorting
weighted center-of-gravity approach
excess capacity
responsiveness
31. Transportation carrier that has agreed to serve the general public and assumes four legal obligations: service - delivery - reasonable rates - and avoidance of discrimination.
common carrier
allocating
embargoes
VMI (vendor-managed inventory)
32. The science that seeks to adapt work or working conditions to suit the abilities of the worker.
ergonomics
GSCF model
partnerships
cube out
33. The distance between the inner sides of two parallel rail tracks.
load center
rail gauge
EOQ (Economic Order Quanitity)
Consignee
34. The time span within which a scheduled delivery must be made.
delivery window
market strategy
TWIC (Transportation Worker Identification Credential)
benchmarking
35. Flatboard boat used to transport heavy products.
cross-docking
barge
obsolete materials
nesting
36. Global Supply Chain Forum
GSCF
demurrage
land bridge
shippers' associations
37. A body of facts in a format suitable for decision making.
information
GPS (Global positioning systems)
freight bill
theft
38. Seeks to minimize inventory by reducing (if not eliminating) safety stock - as well as having the required amount of materials arrive at the production location at the exact time they are needed.
make-to-stock
power retailer
product recall
JIT (Just-in-time) approach
39. 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.
phantom freight
routing
demand management
multiclient warehousing
40. A company discontinues operations at a current site because the operations are no longer needed or can be absorbed by other facilities.
accessorial service
facility closing
terms of payment
process strategy
41. Refers to alphanumeric identification that specifies where a product was processed or manufactured.
batch number
amodal shipper
push inventory system
distribution center
42. An inventory system that responds to forecasted (rather than actual) customer demand.
push inventory system
terms of sale
WMS (Warehouse Management Systems)
transit time
43. The documents associated with transportation shipments.
documentation
flags of convenience
carrier
brownfields
44. Costs to seller when it is unable to supply an item to a customer ready to buy.
fixed order interval system
DOT (Department of Transportation)
stockout cost
terminal
45. Retail industry initiative where trading partners share planning and forecasting data to better match supply and demand.
density
benchmarking
economic utility
CPFR (Collaborative planning - forecasting - and replenishment)
46. The seller pays the freight charges and also owns the goods in transit. The is what is generally referred to as FOB destination pricing.
ROP (reorder point)
FOB destination - freight prepaid
customer service
substitute products
47. Electronic devices that read bar codes and can be used to keep track inventory - reorder inventory - and analyze inventory patterns.
facility closing
supply chain collaboration
bar-code scanners
fixed slot location
48. Bill of Lading
ROP (reorder point)
broker
throughput
BOL
49. The shipper of goods.
goods in transit
materials management
form utility
Consignor
50. A carrier's attempt to determine a shipment's location during the course of its move.
tracing
total cost approach
detention
common carrier