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Test your basic knowledge |
Logistics Vocab
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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. Economic activity that can be conducted via electronic connections such as EDI and the internet.
order transmittal
excess capacity
electronic commerce
private warehousing
2. Assemble small shipments into a single - larger shipment.
information (channel) strategy
sorting
consolidate
Incoterms 2000
3. Refers to employees who do not follow company guidelines about which suppliers to use in particular situations.
order triage
cargo preference
maverick spending
EDI (Electronic Data Interchange)
4. Money paid after an exchange.
GSCF
throughput
data
kickbacks
5. Global Supply Chain Forum
GSCF
product recall
process strategy
shipping conferences
6. Materials that lose no weight in processing.
marginal analysis
free (foreign) trade zone
dead inventory (stock)
pure materials
7. Refers to the value or usefulness that comes from a customer being able to take possession of a product.
possession utility
hazardous materials
WMS (Warehouse Management Systems)
CPFR (Collaborative planning - forecasting - and replenishment)
8. Refers to a combination of water transportation and surface transportation between an origin and destination port.
flags of convenience
land bridge
time utility
Malcolm Baldrige National Quality Award
9. Employee theft.
theft
place utility
pilferage
transit time
10. 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.
cargo preference
total cost approach
FOB destination (delivered) pricing
warehouse
11. A buyer invites bids from multiple sellers - and the seller with the lowest bid is often awarded the business.
reverse auctions
DOT (Department of Transportation)
BOL
JIT (Just-in-time) approach
12. 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.
inventory tax
bulk-breaking
dimensional (dim) weight
communication system
13. Created by the U.S. Department of Housing and Urban Development to encourage business development-through various tax credits-in economically depressed portions of cities.
shrink-wrap
supply chain collaboration
transponders
empowerment zone
14. Day-to-day decision making - Operations controlled against standards and rules - Control via weekly/monthly reports - The implementation of the operational plan
order picking and assembly
Operational (planning time horizon)
dimensional (dim) weight
centralized logistics organization
15. The time from when the seller receives an order until an appropriate location is authorized to fill the order.
FOB destination - freight prepaid
customer satisfaction
SCOR (Supply-Chain Operations Reference Model)
order processing
16. That part of a firm's logistics system that stores products at and between points of origin and point of consumption.
phantom freight
Container Security Initiative (CSI)
warehousing
C-TPAT (Customs Trade Partnership Against Terrorism)
17. Money paid before an exchange.
bribes
information (channel) strategy
FOB origin - freight prepaid
STB (Surface Transportation Board)
18. Each separate type of item that is accounted for in an inventory.
Container Security Initiative (CSI)
SKU (stock-keeping unit)
contract logistics
consolidate
19. Nonprofit membership cooperatives that perform basically the same function as freight forwarders.
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20. 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.
suboptimization
ABC (Activity-based costing)
export management company
allocating
21. Flatboard boat used to transport heavy products.
fast supply chain
third-party logistics (logistics outsourcing)
barge
pick-to-light technology
22. The elapsed time from when an order is picked up by a transportation carrier until it is received by the customer.
customs broker
transit time
order triage
communication system
23. The percentage of orders that can be completely and immediately filled from existing stock.
order fill rate
pull inventory system
safety (buffer) stock
fragmented logistics structure
24. An agreement in which the world's ports agree to allow U.S. customs agents to identify and inspect high-risk containers bound for the United States before they are loaded onto ships.
Container Security Initiative (CSI)
voice-based order picking
brownfields
export management company
25. Refers to corporate officers such as a chief executive officer (CEO) - chief operating officer (COO) - or chief financial officer (CFO).
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26. The removal of levels (layers) from a channel of distribution.
waste materials
terms of sale
disintermediation
dunnage
27. Damage that is not initially apparent but is discovered after a package is opened.
SKU (stock-keeping unit)
inventory
concealed damage
market strategy
28. Price of the product at its source plus transportation costs to its destination.
ABC (Activity-based costing)
TWIC (Transportation Worker Identification Credential)
landed costs
marginal analysis
29. A flat sheet of either fiberboard material or plastic that is placed under the unit load.
inventory
kickbacks
slip sheet
allocating
30. A strategic orientation in which a limited number of traditional logistics activities are managed across business units.
economic utility
slurry systems
postponement
market strategy
31. A process where product is received in a facility - occasionally married with product going to the same destination - then shipped at the earliest opportunity - without going into long-term storage.
excess (surplus) materials
back order
cross-docking
pull inventory system
32. Uses the internet to make it easier - faster - and less expensive for an organization to purchase goods and services.
fast supply chain
JIT (Just-in-time) approach
electronic procurement (e-procurement)
piggyback transportation
33. Truck trailers of flatcars.
TOFC
cause and effect forecasting
voice-based order picking
brownfields
34. Logistics Information System
service recovery
bulk-making
supply management
LIS
35. Refer to materials that are not likely to ever be used by the organization that purchased it.
obsolete materials
SKU (stock-keeping unit)
FOB destination - freight prepaid
partial systems analysis
36. The seller pays the freight charges in advance but bills the buyer for them. The buyer owns the goods in transit.
terminal
weighing out
power retailer
FOB origin - freight prepaid and charged back
37. Having products available where they are needed by customers.
physical distribution
picker-to-part system
expatriate workers
place utility
38. The distance between the inner sides of two parallel rail tracks.
FOB destination - freight prepaid and charged back
systems analysis
rail gauge
customer satisfaction
39. A facility temporarily established at the site of inventory; the warehouser assumes custody of the inventory and issues a receipt for it - which can then be used as collateral for a loan.
Operational (planning time horizon)
materials handling
field warehousing
distribution center
40. Materials used for the containment - protection - handling - delivery - and presentation of goods.
information
procurement (purchasing)
terms of payment
packaging
41. 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.
tracing
intermodal transportation
responsiveness
CPA (Customer profitability analysis)
42. Companies that specialize in providing various types of logistics services.
LSP (Logistics Service Provider)
mass logistics
Maquiladora
shipper's letter of instruction (SLI)
43. People - equipment - and procedures to gather - sort - analyze - evaluate - and distribute needed - timely - and accurate information to logistics decision makers.
disintermediation
stockout cost
on-demand software
logistics information system
44. A U.S. federal agency that regulates workplaces to ensure the safety of workers.
OSHA (Occupational Safety and Health Administration)
centralized logistics organization
shrink-wrap
private carrier
45. In international trade - a firm that provides carrier services to shippers but owns no vessels itself.
routing guide
intramodal competition
picker-to-part system
Nonvessel-operating common carrier (NVOCC)
46. An analysis of workers' productivity over short periods of time. Each worker is assigned specific duties that he or she should be able to complete during the time period provided.
classification
intermodal competition
DSS (Decision support system)
short-interval scheduling
47. Medium- to long-term horizon - One- to five-year (plus) time span - Overall 'structural' decisions - Trade-offs between company functions - Trade-offs with other organizations - Corporate financial plans and policies - Policy decisions developed into
order picking and assembly
WMS (Warehouse Management Systems)
Strategic (planning time horizon)
bonded storage
48. Gross domestic product
GDP
pick-to-light technology
AI
transportation
49. Buyer pays a lower freight charge than the shipper incurs in shipping the product.
in bond
freight absorption
export management company
order transmittal
50. A substance or material in a quantity and form that may pose an unreasonable risk to health and safety or property when transported in commerce.
benchmarking
hazardous materials
International Air Transport Association (IATA)
carrier