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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. Logistics activities are managed in multiple departments throughout an organizations.






2. Occurs when the shipper notifies the carrier - prior to the shipment's arrival in the destination city - of a change in destination.






3. Analyzing the impacts of small changes - such as adding or subtracting one unit of input.






4. A framework that identifies five key processes - plan - source - make - deliver - return - associated with supply chain management.






5. Simulation of the types of problems that the package will be exposed to in warehouses and in transit.






6. Similar to common carriers in that public warehousing serves all legitimate users and has certain responsibilities to this users.






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






8. Boxes or other containers secured to a pallet or slip sheet.






9. The management of the various activities associated with the order cycle.






10. The orders to be picked are identified by lights placed on shelves or racks.






11. Employees who are sent to other countries for extended periods of time.






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






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






14. Analogous to personal property taxes paid by individuals - and inventory tax is based on the value of inventory that is held by an organization on the assessment date.






15. Companies whose primary business is other than transportation provide their own transportation service by operating truck - railcars - barges - ships - or airplanes.






16. The costs of holding an inventory - such as interest on investment - insurance - deterioration - and so on.






17. Gross domestic product






18. Firm the helps a domestic company become involved in foreign sales. They often locate foreign firms that can be licensed to manufacture the product in the foreign country.






19. Movement and storage of raw materials - parts - and components within a firm.






20. The documents associated with transportation shipments.






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






22. Characterized by variability in demand orders among supply chain participants.






23. 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






24. Are similar to credit cards for personal use - only p-cards are used for organizational purchases.






25. Compares actual experience to the expected experience and if the actual experience equals or exceeds the expected experience - then the customer is satisfied.






26. Mixes attributes of public and contract warehousing; services are more differentiated than a public facility but less customized than in a contract facility.






27. Concept that suggests that all relevant activities in moving and storing products should be considered as a whole (i.e. - their total cost) - not individually.






28. Materials requested by a customer that are unavailable for shipment at the same time as the reminder of the order. They are usually shipped when available.






29. An organization's ability to address unexpected operational situations.






30. Each separate type of item that is accounted for in an inventory.






31. Key suppliers locate on - or adjacent to - automobile plants - which helps reduce shipping costs and inventory carrying costs.






32. Analysis that is performed by a trade association - professional organization - or other entity - on a industry wide basis.






33. Concept that recognizes that because inventories are not of equal value to a firm - they should not be managed in the same way.






34. A company discontinues operations at a current site because the operations are no longer needed or can be absorbed by other facilities.






35. A carrier's attempt to determine a shipment's location during the course of its move.






36. The distance between the inner sides of two parallel rail tracks.






37. An invoice submitted by a transportation carrier requesting to be paid.






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






39. Refers to systems that consider the return flow of products - their reuse - and the marketing and distribution of recovered products.






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






41. General contractor that ensures that third-party logistics companies are working toward relevant supply chain goals and objectives.






42. Products that customers view as being able to fill the same need or want as another product.






43. A process for returning a customer to a state of satisfaction after a service or product has failed to live up to expectations.






44. Products are produced after receiving a customer order.






45. Refers to waterborne transportation that utilizes inland and coastal waterways to move shipments from domestic ports to their destination.






46. Identifies opportunities to recover revenues or reduce costs associated with scrap - surplus - obsolete - and waste materials.






47. A system in which products are stored wherever there is empty space available in a warehouse.






48. Products are produced prior to receiving a customer order.






49. Cartels of all ocean vessel operators operating between certain trade areas.






50. Refers to removing impediments to the flow of information and goods.