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






2. Inventory that is held for several reasons such as seasonal demand - projected price increases - and potential product shortages.






3. Having products available when they are needed by customers.






4. State laws that specify that a worker does not have to join the union to work permanently at a facility.






5. Using measures of another organization's performance to judge one's own performance.






6. The time span within which a scheduled delivery must be made.






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






8. Electronic devices that read bar codes and can be used to keep track inventory - reorder inventory - and analyze inventory patterns.






9. Considers a shipment's density (the amount of space occupied relative to weight) to determine a shipment's billable weight.






10. Refer to materials that are not likely to ever be used by the organization that purchased it.






11. A framework that identifies five key processes - plan - source - make - deliver - return - associated with supply chain management.






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






13. A measure of how heavy a product is in relation to its size.






14. The movement and storage of materials into a firm.






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






16. Twenty-foot equivalent unit; a measure of the number of 20-foot containers that are used or handled.






17. A relational exchange approach involving a limited number of suppliers.






18. Conformance to mutually agreed upon requirements.






19. 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.






20. 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.






21. Products are produced after receiving a customer order.






22. The level of inventory at which a replenishment order is placed.






23. Classifying orders according to pre-established guidelines so that a company can prioritize how orders should be filled.






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






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






26. Refer to the manner by which a seller will be paid by a buyer for an international transaction.






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






28. Key suppliers locate on - or adjacent to - automobile plants - which helps reduce shipping costs and inventory carrying costs.






29. Refers to security throughout the entire supply chain.






30. Global Supply Chain Forum






31. Looks at a single aspect of logistics - such as a time-and-motion study of individuals who handle incoming freight at a receiving dock.






32. Focuses on an organization's ability to respond to changes in demand with respect to volume and variety.






33. The most important single transportation document that is the operating document in the industry.






34. A company discontinues operations at a current site because the operations are no longer needed or can be absorbed by other facilities.






35. Goods moving between two points - often accompanied by a live bill of lading.






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






37. A product that gains weight in processing; the processing point should be close to the market.






38. 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.






39. The pick location is brought to the picker (e.g. - carousels).






40. Positive - long-term relationships between supply chain participants.






41. A one-size-fits-all approach in which every customer gets the same type and levels of logistics service.






42. Refers to ships that register in nations that have lax maritime registration rules - particularly with respect to safety requirements.






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






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






45. 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.






46. Identifies opportunities to recover revenues or reduce costs associated with scrap - surplus - obsolete - and waste materials.






47. Terminal-to-terminal movement of freight or passengers.






48. Are similar to credit cards for personal use - only p-cards are used for organizational purchases.






49. Facts or recorded measures of certain phenomena.






50. A strategic orientation in which a limited number of traditional logistics activities are managed across business units.






Can you answer 50 questions in 15 minutes?



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