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






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






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






4. 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






5. A firm must move operations to another facility to better serve suppliers or customers.






6. Inventory is replenished with a set quantity every time it is ordered; the time interval between orders may vary.






7. Uses the internet to make it easier - faster - and less expensive for an organization to purchase goods and services.






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






9. 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






10. Refers to security throughout the entire supply chain.






11. Money paid before an exchange.






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






13. Allow companies to produce digital maps that can drill down to site-specific qualities such as bridge heights.






14. Often accompanies an SED and provides explicit shipment instructions.

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






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






17. Multiple logistics activities are combined into - and managed as - a single department.






18. Measurement that ensures conformity with an organization's policies - procedures - or standards.






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






20. Organizations that exploit workers and that do not comply with fiscal and legal obligations toward employees.






21. 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.






22. 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.






23. The short-distance movement of material between two or more points.






24. Goods that flow from the consumer to the manufacturer (e.g. - product recalls and product recycling).






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






26. The seller pays the freight charges in advance but bills the buyer for them. The buyer owns the goods in transit.






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






28. Refers to the number of transportation modes available to prospective users.






29. A common credential that will be used to identify workers across all modes of transportation.






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






31. Occurs when the shipper notifies the carrier - prior to the shipment's arrival in the destination city - of a change in destination.






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






33. 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.






34. Logistics Information System






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






36. Bill of Lading






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






38. A degree of aggressive procurement involvement not normally encountered in supplier selection.






39. Assumes that one or more factors are related to demand - and the relationship between cause and effect can be used to estimate future demand.






40. Facilitators that make the channel function better.






41. The buyer pays freight charges and owns the goods in transit. This is the most common FOB origin term.






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






43. 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.






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






45. Software packages that control the movement and storage of materials within a warehousing facility.






46. The buying and controlling of transportation services by either a shipper or consignee.






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






48. One location where customers can purchase products from two or more name-brand retailers.






49. A uniform sealed reusable metal 'box' in which goods are shipped.






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