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Test your basic knowledge |
Logistics Vocab
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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 buyer pays the freight charges when the goods arrive - and the seller owns the goods while they are in transit.
centralized logistics organization
batch number
pallet (skid)
FOB destination - freight collect
2. The management of the various activities associated with the order cycle.
accumulating
bar-code scanners
parcel carriers
order management
3. A framework that identifies five key processes - plan - source - make - deliver - return - associated with supply chain management.
Container Security Initiative (CSI)
order fill rate
concealed damage
SCOR (Supply-Chain Operations Reference Model)
4. The need to rapidly move a shipment to its final destination.
expediting
associative forecasting
bribes
fixed order interval system
5. A system in which the size and timing of replenishment orders into a retailer's system are the manufacturer's responsibility.
VMI (vendor-managed inventory)
quality-of-life considerations
unitization
shipping conferences
6. Considers a shipment's density (the amount of space occupied relative to weight) to determine a shipment's billable weight.
data
dimensional (dim) weight
shipper's letter of instruction (SLI)
FOB destination - freight collect
7. Retail industry initiative where trading partners share planning and forecasting data to better match supply and demand.
excess capacity
weight-losing product characteristics
CPFR (Collaborative planning - forecasting - and replenishment)
socially responsible procurement
8. Established in the late 1980s to recognize U.S. organizations for their achievements in quality and performance.
on-demand software
BOL
package testing
Malcolm Baldrige National Quality Award
9. People - equipment - and procedures to gather - sort - analyze - evaluate - and distribute needed - timely - and accurate information to logistics decision makers.
quality
nesting
logistics information system
hazardous materials
10. Refers to security throughout the entire supply chain.
system security
marginal analysis
opportunity costs
transaction processing system
11. Uses the internet to make it easier - faster - and less expensive for an organization to purchase goods and services.
decentralized logistics organization
electronic procurement (e-procurement)
order delivery
embargoes
12. Employee theft.
BOL
DOT (Department of Transportation)
cube out
pilferage
13. A measure of how heavy a product is in relation to its size.
safety (buffer) stock
bullwhip effect
order fill rate
density
14. Transport products that are ground into a powder - mixed with water - and then shipped in slurry form through a pipeline.
WMS (Warehouse Management Systems)
flags of convenience
slurry systems
shrink-wrap
15. An approach for locating a single facility that minimizes the distance to existing facilities.
cost trade-offs
batch number
expediting
center-of-gravity approach
16. Refers to corporate officers such as a chief executive officer (CEO) - chief operating officer (COO) - or chief financial officer (CFO).
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17. An area - usually near a port or an airport - where goods can be stored or processed before entering through the importing nation's customs inspections.
FOB destination - freight prepaid and charged back
fixed order quantity system
free (foreign) trade zone
contract (third-party) warehousing
18. Classifying orders according to pre-established guidelines so that a company can prioritize how orders should be filled.
bonded storage
pure materials
disintermediation
order triage
19. Strategic - Tactical - Operational
The major functions of the different planning time horizons
associative forecasting
demurrage
opportunity costs
20. The number of tons times the number of miles.
tom miles
electronic commerce
pull inventory system
picker-to-part system
21. According to the Council of Supply Chain Management Professionals - SCM encompasses the planning and management of all activities involved in sourcing and procurement - conversion - and all logistics management activities. Importantly - it also i
co-branding
import quotas
ABC (Activity-based costing)
SCM (Supply Chain Management)
22. Logistics-related decisions are made separately at the divisional or product group level and often in different geographic regions.
classification
decentralized logistics organization
economic utility
supply chain collaboration
23. Collects and stores information about transactions and may also control some aspects of transactions.
back order
intermodal competition
transaction processing system
order cycle
24. Identifies opportunities to recover revenues or reduce costs associated with scrap - surplus - obsolete - and waste materials.
investment recovery
systems analysis
mass logistics
Consignee
25. A relational exchange approach involving a limited number of suppliers.
supply management
inventory shrinkage
weight break
market strategy
26. Contains relevant export transaction data such as the transportation mode(s) - transaction participants - and description of what is being exported.
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27. Refer to materials that are not likely to ever be used by the organization that purchased it.
marginal analysis
routing guide
form utility
obsolete materials
28. Cartels of all ocean vessel operators operating between certain trade areas.
cycle (base) stock
quality-of-life considerations
shipping conferences
Maquiladora
29. The use of speech to guide order-picking activities.
embargoes
pipeline (in-transit) stock
voice-based order picking
customer service
30. Generates and uses few or no paper documents and relies on technology to accomplish the relevant tasks.
supplier development (reverse marketing)
transportation
aperless warehousing
time utility
31. A strategic orientation in which traditional logistics activities are managed as a value-added system.
process strategy
inventory
bulk cargo
flexibility
32. Prohibition of trade between particular countries.
demurrage
embargoes
contract logistics
transaction processing system
33. An international trade specialist that can handle either vessel shipments or air shipments and that offers a number of different functions such as booking space on carriers - obtaining consular documents - and arranging for insurance - among other
international freight forwarders
CPA (Customer profitability analysis)
materials management
partial systems analysis
34. Emphasizes a speed or time component.
FOB origin - freight collect
data mining
certificate of origin
fast supply chain
35. A cartel consisting of nearly all the world's scheduled international airlines.
OSHA (Occupational Safety and Health Administration)
Six Sigma
private carrier
International Air Transport Association (IATA)
36. Analysis that is performed by a trade association - professional organization - or other entity - on a industry wide basis.
industry systems analysis
flags of convenience
marginal analysis
hazardous materials
37. Facts or recorded measures of certain phenomena.
time utility
process strategy
data
sorting
38. Changes to one logistics activity cause some costs to increase and others to decrease.
on-demand software
inventory
private warehousing
cost trade-offs
39. An order that simultaneously achieves relevant customer metrics.
perfect order
time utility
contract carrier
line-haul
40. Assemble small shipments into a single - larger shipment.
unitization
consolidate
supplier development (reverse marketing)
AI
41. 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.
stockout cost
FOB origin - freight collect
fixed order interval system
ERP (Enterprise Resource Planning system)
42. The delay of value-added activities such as assembly - production - and packaging to the latest possible time.
unit load devices
reverse auctions
international logistics
postponement
43. A body of facts in a format suitable for decision making.
Application-specific software
Consignee
information
quality-of-life considerations
44. 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.
unified logistics structure
intermodal transportation
phantom freight
FOB origin - freight collect
45. 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.
Incoterms 2000
ABC analysis
terms of payment
rail gauge
46. The seller pays the freight charges and also owns the goods in transit. The is what is generally referred to as FOB destination pricing.
freight forwarder
FOB destination - freight prepaid
comprehensive systems analysis
procurement (purchasing)
47. State laws that specify that a worker does not have to join the union to work permanently at a facility.
SKU (stock-keeping unit)
field warehousing
right-to-work laws
weight break
48. Movement and storage of raw materials - parts - and components within a firm.
materials management
field warehousing
TOFC
safety (buffer) stock
49. Each separate type of item that is accounted for in an inventory.
reverse logistics
International Air Transport Association (IATA)
SKU (stock-keeping unit)
transportation
50. A carrier or public facility where freight (or passengers) is shifted between vehicles or modes.
ROP (reorder point)
logistics
inventory flow diagram
terminal