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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. Bill of Lading
tariffs
routing
accessorial service
BOL
2. One location where customers can purchase products from two or more name-brand retailers.
intermodal transportation
cost trade-offs
co-branding
scrap materials
3. The time span within which a scheduled delivery must be made.
information (channel) strategy
order transmittal
multiclient warehousing
delivery window
4. A document that notifies a transportation carrier of wrong or defective deliveries - delay - or other delivery shortcoming.
batch number
unit load devices
detention
freight claims
5. Analysis that is performed by a trade association - professional organization - or other entity - on a industry wide basis.
comprehensive systems analysis
industry systems analysis
contract carrier
make-to-stock
6. A product that gains weight in processing; the processing point should be close to the market.
weight-gaining product characteristics
DOT (Department of Transportation)
decentralized logistics organization
fragmented logistics structure
7. Having products available where they are needed by customers.
place utility
customs broker
classification
substitute products
8. A uniform sealed reusable metal 'box' in which goods are shipped.
package testing
containers
short sea shipping
ABC (Activity-based costing)
9. 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
weight break
accumulating
facility relocation
10. Buyer pays a lower freight charge than the shipper incurs in shipping the product.
time series forecasting
shippers' associations
EDI (Electronic Data Interchange)
freight absorption
11. An order size that minimizes the sum of carrying and ordering costs.
parcel carriers
EOQ (Economic Order Quanitity)
customer satisfaction
terms of sale
12. Aka bulk-making
partnerships
accumulating
consolidate
EDI (Electronic Data Interchange)
13. Assumes that one or more factors are related to demand - and the relationship between cause and effect can be used to estimate future demand.
cause and effect forecasting
CPA (Customer profitability analysis)
EOQ (Economic Order Quanitity)
cargo preference
14. Refer to the manner by which a seller will be paid by a buyer for an international transaction.
terms of payment
order fill rate
economic utility
cross-docking
15. The seller owns the goods in transit - prepays the freight charges - and bills the buyer for the freight charges.
DOT (Department of Transportation)
intermodal competition
Maquiladora
FOB destination - freight prepaid and charged back
16. A group of forecasting techniques that is based on the idea that future demand is solely dependent on past demand.
EOQ (Economic Order Quanitity)
time series forecasting
ABC analysis
parcel carriers
17. Building up a variety of different products for resale to a particular customer.
warehousing
freight forwarder
assorting
CPFR (Collaborative planning - forecasting - and replenishment)
18. These are material that have been spoiled - broken - or otherwise rendered unfit for further use or reclamation.
waste materials
ABC analysis
slip sheet
socially responsible procurement
19. Refers to buying components and inputs anywhere in the world.
global procurement (sourcing)
commodity rate
industry systems analysis
suboptimization
20. The buying and controlling of transportation services by either a shipper or consignee.
stockout
FOB destination (delivered) pricing
batch number
transportation management
21. Gross domestic product
possession utility
GDP
SKU (stock-keeping unit)
multiclient warehousing
22. Logistics-related decisions are made separately at the divisional or product group level and often in different geographic regions.
expatriate workers
procurement (purchasing)
decentralized logistics organization
batch number
23. A process for returning a customer to a state of satisfaction after a service or product has failed to live up to expectations.
nodes
service recovery
grid system
slip sheet
24. U.S. federal government body with primary responsibility for transportation safety regulation.
supplier development (reverse marketing)
CPFR (Collaborative planning - forecasting - and replenishment)
expatriate workers
DOT (Department of Transportation)
25. 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.
theft
fast supply chain
shipper's letter of instruction (SLI)
back order
26. The depth in the water to which a vessel can be loaded.
draft
Container Security Initiative (CSI)
Malcolm Baldrige National Quality Award
GIS (Graphical Information Systems)
27. A U.S. government agency with primary responsibility for regulating railroad pricing and service.
STB (Surface Transportation Board)
building-blocks concept
FOB destination - freight collect
private warehousing
28. The elapsed time from when an order is picked up by a transportation carrier until it is received by the customer.
seamless distribution
transit time
voice-based order picking
GPS (Global positioning systems)
29. Refers to the value or usefulness that comes from a customer being able to take possession of a product.
make-to-order
possession utility
pallet (skid)
excess capacity
30. Being out of an item at the same time there is a willing buyer for it.
draft
SCM (Supply Chain Management)
transaction processing system
stockout
31. Refers to forecasting that involves judgment or intuition and is preferred in situations where there is limited - or no - historical data.
weight break
export packers
judgmental forecasting
letter of credit
32. A document used in cross-border trade that summarizes the entire transaction and contains key information such as a description of the goods - terms of sale and payments - and so on.
judgmental forecasting
part-to-picker system
freight bill
commercial invoice
33. A transportation manager who purchases a prespecified level of transportation service and is indifferent to the mode(s) or carrier(s) used to provide the actual transportation service.
amodal shipper
slip sheet
terminal
customer satisfaction
34. A one-size-fits-all approach in which every customer gets the same type and levels of logistics service.
productivity
freight forwarder
mass logistics
tailored logistics
35. Simulation of the types of problems that the package will be exposed to in warehouses and in transit.
inventory flow diagram
centralized logistics organization
relationship management
package testing
36. An area - usually near a port or an airport - where goods can be stored or processed before entering through the importing nation's customs inspections.
time utility
Strategic (planning time horizon)
free (foreign) trade zone
sorting
37. Goods moving between two points - often accompanied by a live bill of lading.
goods in transit
GSCF
make-to-order
TWIC (Transportation Worker Identification Credential)
38. 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
freight claims
terms of payment
substitute products
terms of sale
39. The number of tons times the number of miles.
theft
inventory turnover
voice-based order picking
tom miles
40. Inventory that is held in addition to cycle stock to guard against uncertainties in supply and/or lead time.
ABC analysis
materials management
STB (Surface Transportation Board)
safety (buffer) stock
41. A warehouse with an emphasis on quick throughput - such as is needed in supporting marketing efforts.
transaction processing system
contract carrier
distribution center
Application-specific software
42. The management of the various activities associated with the order cycle.
unitization
cube out
order management
mass logistics
43. Restrictions other than tariffs that are placed on imported products.
nontariff barriers
fixed order interval system
transit time
freight absorption
44. Materials that lose no weight in processing.
service recovery
The major functions of the different planning time horizons
International Air Transport Association (IATA)
pure materials
45. The most important single transportation document that is the operating document in the industry.
Bill of Lading
transportation management
inbound logistics
fragmented logistics structure
46. Collects and stores information about transactions and may also control some aspects of transactions.
transaction processing system
expatriate workers
class rate system
amodal shipper
47. Use satellites that allow companies to compute vehicle positions - velocity - and time.
GPS (Global positioning systems)
transportation management
hazardous materials
decentralized logistics organization
48. Inventory that is held for several reasons such as seasonal demand - projected price increases - and potential product shortages.
brownfields
logistics
speculative stock
freight forwarder
49. 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.
FOB origin pricing
inventory tax
routing
push inventory system
50. According to the Council of Supply Chain Management Professionals - SCM encompasses the planning and management of all activities involved in sourcing and procurement - conversion - and all logistics management activities. Importantly - it also i
FOB destination - freight prepaid and charged back
waste materials
physical distribution
SCM (Supply Chain Management)