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






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






3. Movement and storage of raw materials - parts - and components within a firm.






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






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






6. 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.






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






8. Strategic - Tactical - Operational






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






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






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






12. A warehousing facility that is owned or occupied on a long-term lease by the firm using it.






13. Depicts the demand for - and replenishment of - inventory.






14. Bringing together inventory from different sources.






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






16. Occurs when a cargo takes up a vehicle's or a container's cubic capacity before reaching its weight capacity.






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






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






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






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






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






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






23. Having products available where they are needed by customers.






24. Similar to common carriers in that public warehousing serves all legitimate users and has certain responsibilities to this users.






25. Aka bulk-making






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






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






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






29. Companies that specialize in transporting parcels or small packages.






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






31. Refers to the value or usefulness of a product in fulfilling customer needs and wants.






32. Assemble small shipments into a single - larger shipment.






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






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






35. Satisfying current and emerging customer needs.






36. 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.






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






38. 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.






39. Boxes or other containers secured to a pallet or slip sheet.






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






41. Facilitators that make the channel function better.






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






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






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






45. An order that simultaneously achieves relevant customer metrics.






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






47. Refers to an alliance in the container trades in which ocean carriers retain their individual identities but cooperate in the area of operations.






48. Building up a variety of different products for resale to a particular customer.






49. 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.






50. The documents associated with transportation shipments.