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






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






3. Refers to a combination of water transportation and surface transportation between an origin and destination port.






4. 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.






5. Emphasizes a speed or time component.






6. 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.






7. Includes all activities from when an appropriate location is authorized to fill an order until goods are loaded aboard an outbound carrier.






8. A strategic orientation in which traditional logistics activities are managed as a value-added system.






9. An international trade specialist that can handle either vessel shipments or air shipments and that offers a number of different functions such as booking space on carriers - obtaining consular documents - and arranging for insurance - among other






10. Economic activity that can be conducted via electronic connections such as EDI and the internet.






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






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






13. An order that simultaneously achieves relevant customer metrics.






14. Retail industry initiative where trading partners share planning and forecasting data to better match supply and demand.






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






16. Retailers that are characterized by large market share and low prices.






17. Utilizes sophisticated quantitative techniques to find hidden patterns in large volumes of data.






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






19. Refers to buying components and inputs anywhere in the world.






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






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






22. Compares actual experience to the expected experience and if the actual experience equals or exceeds the expected experience - then the customer is satisfied.






23. 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.






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






25. A cartel consisting of nearly all the world's scheduled international airlines.






26. The process of determining how a shipment will be moved between consignor and consignee or between place of acceptance by the carrier and place of delivery to the consignee.






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. Refers to the fact that more items are recorded entering than leaving warehouse facilities.






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






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






31. The distance between the inner sides of two parallel rail tracks.






32. Bill of Lading






33. System that attempts enterprisewide coordination of relevant business processes by allowing (conceptually - at least) all functional areas within a firm to access and analyze a common database.






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






35. The degree to which an organization can accommodate unique or unplanned customer requests.






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






37. Locations that contain chemicals or other types of industrial wastes.






38. A payment from a shipper or consignee to a truck carrier for having kept the carrier's equipment too long.






39. The science that seeks to adapt work or working conditions to suit the abilities of the worker.






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






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






42. Restrictions other than tariffs that are placed on imported products.






43. Flatboard boat used to transport heavy products.






44. Refers to a situation in which a hazard or defect is discovered in a manufactured or processed item - and its return is mandated by a government agency.






45. Costs to seller when it is unable to supply an item to a customer ready to buy.






46. Absolute limits to the quantity of a product that can be imported into a country during a particular time period.






47. Products are produced after receiving a customer order.






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






49. 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






50. Provide effective ways to process personal and organizational business data - to perform calculations - and to create documents.