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. Refers to software that has been developed for managers to deal with specifics logistics functions or activities (e.g. transportation management systems)






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






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






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






5. A long-term arrangement between a shipper and another party to provide logistics services.






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






7. Conformance to mutually agreed upon requirements.






8. The use of speech to guide order-picking activities.






9. Inventory that is held in addition to cycle stock to guard against uncertainties in supply and/or lead time.






10. Refers to the allocation of revenues and costs to customer segments or individual customers to calculate the profitability of the segments or customers.






11. The elapsed time from when an order is picked up by a transportation carrier until it is received by the customer.






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






13. Requires a certain percentage of traffic to move on a nation's flag vessels.






14. Short- to medium-term horizon - Six-month to one-year (plus) time-span - Subsystem decisions are made - - should not impose on other logistics components - Annual budgets provide finance/cost basis - The strategic plan detail is made into an operatio






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






16. 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.






17. Computer-to-computer transmission of business data in a structured format.






18. 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.






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. Inventories that are used or distributed together (e.g. razor blades and razors).






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






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






23. The management of the various activities associated with the order cycle.






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






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






26. Cargo reaches a vehicle's or a container's weight capacity without filling its cubic capacity.






27. Material that is used to block and brace products inside carrier equipment to prevent the shipment from shifting in transit and becoming damaged.






28. The documents associated with transportation shipments.






29. 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.






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






31. Refers to choosing the locations for distribution centers - warehouses - and production facilities to facilitate logistical effectiveness and efficiency.






32. Characterized by variability in demand orders among supply chain participants.






33. An intermediary that oversees the efficient movement of importers' goods (and accompanying paperwork) through customs and other inspection points.






34. 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.






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






36. Refers to removing impediments to the flow of information and goods.






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






38. A major port where thousands of containers arrive and depart per week. These ports specialize in the efficient handling of containers.






39. Transport products that are ground into a powder - mixed with water - and then shipped in slurry form through a pipeline.






40. Analyzing the impacts of small changes - such as adding or subtracting one unit of input.






41. Truck trailers of flatcars.






42. Separating products into grades and qualities desired by different target markets.






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






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






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






46. Packaging tapered articles inside each other to reduce the cubic volume of the entire shipment.






47. An order picker goes to where the product is located (e.g. - a forklift).






48. The receiver of a shipment.






49. Terms of sale for international transactions that represent - from the seller's viewpoint - the different locations - or stages - for quoting a price to an overseas buyer.






50. Companies whose primary business is other than transportation provide their own transportation service by operating truck - railcars - barges - ships - or airplanes.