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. Flatboard boat used to transport heavy products.






2. 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.






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






4. Refers o cargo stowed loose - without specific packing - and generally handled with a pump - scoop - or shovel.






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






6. In transportation - a small quantity or small package.






7. Aka bulk-making






8. General contractor that ensures that third-party logistics companies are working toward relevant supply chain goals and objectives.






9. Satisfying current and emerging customer needs.






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






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






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






13. Day-to-day decision making - Operations controlled against standards and rules - Control via weekly/monthly reports - The implementation of the operational plan






14. Refers to systems that consider the return flow of products - their reuse - and the marketing and distribution of recovered products.






15. Price of the product at its source plus transportation costs to its destination.






16. The orderly and planned observation of one or more segments in the logistics network or supply chain.






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






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






19. aka bulk-breaking






20. 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.






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






22. Stocks of goods and materials that are maintained for many purposes.






23. Buyer pays a lower freight charge than the shipper incurs in shipping the product.






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






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






26. The removal of levels (layers) from a channel of distribution.






27. An organization maintains a single logistics department that administers the related activities for the entire company from the home office.






28. Employee theft.






29. A process where product is received in a facility - occasionally married with product going to the same destination - then shipped at the earliest opportunity - without going into long-term storage.






30. Generates and uses few or no paper documents and relies on technology to accomplish the relevant tasks.






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






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






33. Breaking larger quantities into smaller quantities.






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






35. A practice that emphasizes the virtual elimination of business errors that strives to achieve 3.4 defects - deficiencies - or errors per one million opportunities.






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






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






38. 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.






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






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






41. The cost of giving up an alternative opportunity.






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

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


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






44. Inventory is replenished on a constant - set schedule and is always ordered at a specific time; the quantity ordered varies depending on forecasted sales before the next order date.






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






46. 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.






47. Refers to security throughout the entire supply chain.






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






49. Specifies the country(ies) in which a product is manufactured.






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