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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. Groups of customers with similar logistical needs and wants are provided with logistics service appropriate to those needs and wants.
shipping conferences
SKU (stock-keeping unit)
shipper's export declaration (SED)
tailored logistics
2. Specifies the country(ies) in which a product is manufactured.
certificate of origin
ROP (reorder point)
RFID (radio-frequency identification)
parcel
3. A company discontinues operations at a current site because the operations are no longer needed or can be absorbed by other facilities.
pilferage
facility closing
warehousing
nodes
4. Manufacturing plants that exist just south of the U.S.-Mexican border.
shippers' associations
OSHA (Occupational Safety and Health Administration)
make-to-stock
Maquiladora
5. The degree to which an organization can accommodate unique or unplanned customer requests.
responsiveness
systems analysis
amodal shipper
cause and effect forecasting
6. Money paid after an exchange.
third-party logistics (logistics outsourcing)
facility relocation
kickbacks
allocating
7. A strategic orientation in which traditional logistics activities are managed as a value-added system.
process strategy
unit load devices
Incoterms 2000
building-blocks concept
8. Cartels of all ocean vessel operators operating between certain trade areas.
in bond
shipping conferences
landed costs
bulk-making
9. Prohibition of trade between particular countries.
supply management
bullwhip effect
judgmental forecasting
embargoes
10. 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.
order processing
control
DOT (Department of Transportation)
field warehousing
11. Restrictions other than tariffs that are placed on imported products.
bribes
nontariff barriers
Consignee
TWIC (Transportation Worker Identification Credential)
12. Facilitators that make the channel function better.
channel intermediaries
fast supply chain
disintermediation
allocating
13. A group of forecasting techniques that is based on the idea that future demand is solely dependent on past demand.
Malcolm Baldrige National Quality Award
transaction processing system
time series forecasting
intermodal competition
14. Truck trailers on flatcars - also referred to as TOFC.
channel intermediaries
piggyback transportation
time utility
supplier parks
15. Piggyback traffic - or loading truck trailers onto rail flatcars.
data mining
excess capacity
relationship management
TOFC (trailer on flatcar)
16. Analysis that is performed by a trade association - professional organization - or other entity - on a industry wide basis.
industry systems analysis
intermodal transportation
private warehousing
make-to-stock
17. Depicts the demand for - and replenishment of - inventory.
hazardous materials
private warehousing
inventory flow diagram
bulk-breaking
18. Bringing together inventory from different sources.
shipper's letter of instruction (SLI)
bulk-making
supply chain
throughput
19. A cartel consisting of nearly all the world's scheduled international airlines.
intermodal transportation
International Air Transport Association (IATA)
routing
information
20. A body of facts in a format suitable for decision making.
GSCF
facility location
information
transportation
21. Satisfying current and emerging customer needs.
order picking and assembly
relevancy
FOB destination - freight prepaid
marginal analysis
22. A product that loses weight during the production process; the processing point as near to its origin as possible.
weight-losing product characteristics
transportation management
dunnage
LIS
23. 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.
tailored logistics
empowerment zone
contract (third-party) warehousing
logistics information system
24. Refers to a combination of water transportation and surface transportation between an origin and destination port.
land bridge
pick-to-light technology
amodal shipper
Consignor
25. Storage of finished product and movement to the customers.
physical distribution
documentation
time series forecasting
routing
26. The shipper of goods.
Consignor
draft
FOB origin - freight prepaid
logistics information system
27. Using measures of another organization's performance to judge one's own performance.
benchmarking
relevancy
cube out
partial systems analysis
28. A small device that responds to radio signals from an outside source.
GDP
transponders
productivity
sweatshops
29. A framework that identifies eight relevant processes - such as customer relationship management - demand management - and order fulfillment - associated with supply chain management.
terms of payment
order delivery
GSCF model
EDI (Electronic Data Interchange)
30. The seller pays the freight charges in advance but bills the buyer for them. The buyer owns the goods in transit.
FOB origin - freight prepaid and charged back
LIS
pilferage
bonded storage
31. The orderly and planned observation of one or more segments in the logistics network or supply chain.
goods in transit
Strategic (planning time horizon)
systems analysis
tom miles
32. The use of radio frequency to identify objects that have been implanted with an RFID tag.
fixed slot location
documentation
cross-docking
RFID (radio-frequency identification)
33. 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.
documentation
power retailer
order fill rate
JIT (Just-in-time) approach
34. 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
materials handling
ROP (reorder point)
seamless distribution
terms of sale
35. Terminal-to-terminal movement of freight or passengers.
cost trade-offs
Consignee
rail gauge
line-haul
36. A specific rate for every possible combination of product - weight - and distance.
hazardous materials
picker-to-part system
safety (buffer) stock
commodity rate
37. An individual or firm in the business of carrying cargo or passengers.
FOB destination - freight collect
FOB origin pricing
carrier
nontariff barriers
38. Money paid before an exchange.
bribes
transaction processing system
concealed damage
BOL
39. Separating products into grades and qualities desired by different target markets.
STB (Surface Transportation Board)
commodity rate
physical distribution
sorting
40. The need to rapidly move a shipment to its final destination.
total cost approach
co-branding
cycle (base) stock
expediting
41. A system in which products are stored wherever there is empty space available in a warehouse.
containers
reconsignment
LSP (Logistics Service Provider)
variable slot location
42. A strategic orientation where a diverse group of logistics activities - together with other activities - are managed as a channel system.
variable slot location
information (channel) strategy
SCOR (Supply-Chain Operations Reference Model)
partnerships
43. A company's objectives can be realized by recognizing the mutual interdependence of the major functional areas of the firm - such as marketing - production - finance - and logistics.
judgmental forecasting
customs broker
push inventory system
systems approach
44. A company that helps both shipper and carrier achieve lower freight rates and more efficient utilization of carrier equipment. Brokers also help match carriers to loads.
International Air Transport Association (IATA)
broker
time series forecasting
assorting
45. Measurement that ensures conformity with an organization's policies - procedures - or standards.
supply chain
landed costs
control
information (channel) strategy
46. In international trade - a firm that provides carrier services to shippers but owns no vessels itself.
right-to-work laws
international logistics
detention
Nonvessel-operating common carrier (NVOCC)
47. A document that notifies a transportation carrier of wrong or defective deliveries - delay - or other delivery shortcoming.
freight claims
speculative stock
intermodal competition
flags of convenience
48. A flat sheet of either fiberboard material or plastic that is placed under the unit load.
office automation systems
backhaul
JIT (Just-in-time) approach
slip sheet
49. The cost of giving up an alternative opportunity.
opportunity costs
seamless distribution
cycle (base) stock
bar-code scanners
50. Refers to logistical activities associated with goods that move across national boundaries.
waste materials
opportunity costs
international logistics
materials management
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