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






2. The cost of giving up an alternative opportunity.






3. A program in which public and private organizations work together to prevent terrorism against the United States through imports and transportation.






4. Aka bulk-making






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






6. A warehouse with an emphasis on quick throughput - such as is needed in supporting marketing efforts.






7. Emphasizes a speed or time component.






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






9. 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.






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






11. 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.






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






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






14. 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.






15. The shipment size that equates transportation charges for different rates and weight groups.






16. 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






17. Their intent is to incorporate nonbusiness factors (e.g. - cost of living - crime rate - educational opportunities) into the decision of where to locate a plant or distribution facility.






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






19. An inventory system that responds to forecasted (rather than actual) customer demand.






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






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






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






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






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






25. Cargo on which taxes or duties have yet to be paid. The owner must post a bond or use a bonded carrier or warehouse to guarantee that the materials will not be sold until the taxes or duties are paid.






26. A system that simplifies each of the three primary rate factors - product - weight - and distance.






27. A product that loses weight during the production process; the processing point as near to its origin as possible.






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






29. These are materials that are no longer serviceable - have been discarded - or are a by-product of the production process.






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






31. Strategic - Tactical - Operational






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






33. Money paid before an exchange.






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






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






36. A U.S. government agency with primary responsibility for regulating railroad pricing and service.






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






38. Seeks to minimize inventory by reducing (if not eliminating) safety stock - as well as having the required amount of materials arrive at the production location at the exact time they are needed.






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






40. System that attempts enterprisewide coordination of relevant business processes by allowing (conceptually - at least) all functional areas within a firm to access and analyze a common database.






41. Pricing that includes both the price of the product and the transportation cost of the product to the purchaser's receiving dock.






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






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






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






45. 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.






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






47. Situation where a process - procedure - or system yields less than the best possible outcome or output - caused by a lack of best possible coordination between different components - elements - parts - etc.






48. Employee theft.






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






50. Looks at a single aspect of logistics - such as a time-and-motion study of individuals who handle incoming freight at a receiving dock.







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