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






2. The time from when a transportation carrier picks up the shipment until it is received by the customer.






3. 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.






4. Inventory is replenished with a set quantity every time it is ordered; the time interval between orders may vary.






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






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






7. Plastic wrapping that when heated shrinks in size to form a cover over the product.






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






9. A type of contract logistics that focuses on providing unique and specially tailored warehousing services to particular clients.






10. Material that is used to block and brace products inside carrier equipment to prevent the shipment from shifting in transit and becoming damaged.






11. A small device that responds to radio signals from an outside source.






12. Provides specialized service to each customer based on a contractual arrangement.






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






14. Refers to forecasting that involves judgment or intuition and is preferred in situations where there is limited - or no - historical data.






15. An alternative name for airfreight containers.






16. Inventory that is in route between various nodes in a logistics system.






17. The use of radio frequency to identify objects that have been implanted with an RFID tag.






18. A program in which public and private organizations work together to prevent terrorism against the United States through imports and transportation.






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






20. A strategic orientation where a diverse group of logistics activities - together with other activities - are managed as a channel system.






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






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






23. A technique used to model the systems under study - typically using mathematical equations to represent relationships among components of a logistics system.






24. Having products available where they are needed by customers.






25. Separating products into grades and qualities desired by different target markets.






26. Software packages that control the movement and storage of materials within a warehousing facility.






27. 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






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






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






30. The creation across the supply chain and its markets of coordinated flow of demand. The three basic types of forecasting models are: 1-judgmental - 2-time series - 3-cause and effect.






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






32. Refer to the manner by which a seller will be paid by a buyer for an international transaction.






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






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






35. Fixed facilities - such as a plant - warehouse - or store - in a logistics system.






36. Taking and removing personal property with the intent to deprive the rightful owner of it.






37. Refers to software that users access on a per-use basis instead of software they own or license for installation.






38. Organizations that exploit workers and that do not comply with fiscal and legal obligations toward employees.






39. An intermediary that oversees the efficient movement of importers' goods (and accompanying paperwork) through customs and other inspection points.






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






41. The seller pays the freight charges in advance but bills the buyer for them. The buyer owns the goods in transit.






42. Electronic devices that read bar codes and can be used to keep track inventory - reorder inventory - and analyze inventory patterns.






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






44. Similar to the center-of-gravity locational approach - except that shipping volumes are also taken into account.






45. Refers to the value or usefulness of a product in fulfilling customer needs and wants.






46. Bill of Lading






47. Price of the product at its source plus transportation costs to its destination.






48. Facilitators that make the channel function better.






49. An order that simultaneously achieves relevant customer metrics.






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