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. 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.






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






3. The seller pays the freight charges - but the buyer owns the goods in transit.






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






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






6. aka bulk-breaking






7. According to the Council of Supply Chain Management Professionals (CSCMP) - that part of supply chain management that plans - implements - and controls the efficient - effective forward and reverse flow and storage of goods - services - and rel






8. The depth in the water to which a vessel can be loaded.






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






10. A long-term arrangement between a shipper and another party to provide logistics services.






11. A buyer invites bids from multiple sellers - and the seller with the lowest bid is often awarded the business.






12. Piggyback traffic - or loading truck trailers onto rail flatcars.






13. A practice that emphasizes the virtual elimination of business errors that strives to achieve 3.4 defects - deficiencies - or errors per one million opportunities.






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






15. Refers to alphanumeric identification that specifies where a product was processed or manufactured.






16. Cooperative - formal or informal supply chain relationships between manufacturing companies and their suppliers - business partners - or customers - developed to enhance the overall business performance of both sides.






17. Bill of Lading






18. Truck trailers of flatcars.






19. Cargo reaches a vehicle's or a container's weight capacity without filling its cubic capacity.






20. The number of tons times the number of miles.






21. The number of times an inventory is used or replaced each year.






22. Artificial intelligence - Sophisticated use of the computer in which it is programmed to 'think' as a trained - skilled human in specific situations.






23. Building up a variety of different products for resale to a particular customer.






24. Collects and stores information about transactions and may also control some aspects of transactions.






25. Refers to communication without cables and cords - and includes infrared - microwave - and radio transmissions.






26. Buyer pays a lower freight charge than the shipper incurs in shipping the product.






27. Situation where a process - procedure - or system yields less than the best possible outcome or output - caused by a lack of best possible coordination between different components - elements - parts - etc.






28. Companies that specialize in transporting parcels or small packages.






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






30. Products are produced after receiving a customer order.






31. A product that loses weight during the production process; the processing point as near to its origin as possible.






32. The cost of giving up an alternative opportunity.






33. Use satellites that allow companies to compute vehicle positions - velocity - and time.






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






35. Consolidates freight shipments and buys transportation services in volume rates.






36. The term associated with the handling of unit loads.






37. Occurs in delivered pricing when a buyer pays an excessive freight charge calculated into the price of the goods.






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






39. Breaking larger quantities into smaller quantities.






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






41. Refers to software that has been developed for managers to deal with specifics logistics functions or activities (e.g. transportation management systems)






42. The amount of output divided by the amount of input.






43. An order picker goes to where the product is located (e.g. - a forklift).






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






45. A document that notifies a transportation carrier of wrong or defective deliveries - delay - or other delivery shortcoming.






46. These are material that have been spoiled - broken - or otherwise rendered unfit for further use or reclamation.






47. Prohibition of trade between particular countries.






48. The seller owns the goods in transit - prepays the freight charges - and bills the buyer for the freight charges.






49. A U.S. federal agency that regulates workplaces to ensure the safety of workers.






50. 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.