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. 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.






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






3. Often accompanies an SED and provides explicit shipment instructions.

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4. Facts or recorded measures of certain phenomena.






5. A substance or material in a quantity and form that may pose an unreasonable risk to health and safety or property when transported in commerce.






6. Storage of finished product and movement to the customers.






7. Organizations that exploit workers and that do not comply with fiscal and legal obligations toward employees.






8. Breaking larger quantities into smaller quantities.






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






10. Bill of Lading






11. 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.






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






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






14. The process of determining how a shipment will be moved between consignor and consignee or between place of acceptance by the carrier and place of delivery to the consignee.






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






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






17. Concept that recognizes that because inventories are not of equal value to a firm - they should not be managed in the same way.






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






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






20. Refer to materials that are not likely to ever be used by the organization that purchased it.






21. Each separate type of item that is accounted for in an inventory.






22. Emphasizes a speed or time component.






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






24. Inventory that is in route between various nodes in a logistics system.






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






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






27. According to the Council of Supply Chain Management Professionals (CSCMP) - that part of supply chain management that plans - implements - and controls the efficient - effective forward and reverse flow and storage of goods - services - and rel






28. Refers to the number of transportation modes available to prospective users.






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






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






31. A degree of aggressive procurement involvement not normally encountered in supplier selection.






32. 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.






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






34. The term associated with the handling of unit loads.






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






36. Global Supply Chain Forum






37. The use of radio frequency to identify objects that have been implanted with an RFID tag.






38. A relational exchange approach involving a limited number of suppliers.






39. Strategic - Tactical - Operational






40. Stock that exceeds the reasonable requirements of an organization.






41. Products that customers view as being able to fill the same need or want as another product.






42. Employee theft.






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






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






45. 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.






46. The delay of value-added activities such as assembly - production - and packaging to the latest possible time.






47. Provides guidance in terms of a preferred list of carriers for shipments moving between two points.






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






49. Similar to the center-of-gravity locational approach - except that shipping volumes are also taken into account.






50. 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.