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. Manufacturing plants that exist just south of the U.S.-Mexican border.






2. Companies that specialize in providing various types of logistics services.






3. Materials used for the containment - protection - handling - delivery - and presentation of goods.






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






5. The buyer pays the freight charges when the goods arrive - and the seller owns the goods while they are in transit.






6. A carrier or public facility where freight (or passengers) is shifted between vehicles or modes.






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






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






9. Price of the product at seller's place of business. Buyer must arrange for transportation of the product from the seller's place of business.






10. Transportation carrier that has agreed to serve the general public and assumes four legal obligations: service - delivery - reasonable rates - and avoidance of discrimination.






11. Groups of customers with similar logistical needs and wants are provided with logistics service appropriate to those needs and wants.






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






13. Being out of an item at the same time there is a willing buyer for it.






14. Nonprofit membership cooperatives that perform basically the same function as freight forwarders.

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






16. The creation across the supply chain and its markets of coordinated flow of demand. The three basic types of forecasting models are: 1-judgmental - 2-time series - 3-cause and effect.






17. Stock that exceeds the reasonable requirements of an organization.






18. An individual or firm in the business of carrying cargo or passengers.






19. Satisfying current and emerging customer needs.






20. Helps managers make decisions by providing information - models - or analysis tools.






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






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






23. The shipper of goods.






24. Logistics Information System






25. A substance or material in a quantity and form that may pose an unreasonable risk to health and safety or property when transported in commerce.






26. Employee theft.






27. The receiver of a shipment.






28. 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.






29. Using a container that can be transferred from the vehicle of one mode to a vehicle of another - and with the movement covered under a single bill of lading.






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






31. Provides guidance in terms of a preferred list of carriers for shipments moving between two points.






32. Refers to waterborne transportation that utilizes inland and coastal waterways to move shipments from domestic ports to their destination.






33. A set of generic standards used to document - implement - and demonstrate quality management and assurance systems.






34. Damage that is not initially apparent but is discovered after a package is opened.






35. Refers to security throughout the entire supply chain.






36. Bringing together inventory from different sources.






37. A charge assessed by rail carriers to users that fail to unload and return vehicles or containers promptly.






38. Refers to the number of carriers within each mode.






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






40. 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.






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






42. Similar to diversion - but it occurs after the shipment has arrived in the destination city.






43. The documents associated with transportation shipments.






44. Inventory needed to satisfy demand during an order cycle.






45. A system in which the size and timing of replenishment orders into a retailer's system are the manufacturer's responsibility.






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






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






48. The delay of value-added activities such as assembly - production - and packaging to the latest possible time.






49. An agreement in which the world's ports agree to allow U.S. customs agents to identify and inspect high-risk containers bound for the United States before they are loaded onto ships.






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