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






2. These help various stake-holders to work together by interacting and sharing information in many different forms.






3. Helps managers make decisions by providing information - models - or analysis tools.






4. Strategic - Tactical - Operational






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






6. Companies whose primary business is other than transportation provide their own transportation service by operating truck - railcars - barges - ships - or airplanes.






7. The need to rapidly move a shipment to its final destination.






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






9. Analyzing the impacts of small changes - such as adding or subtracting one unit of input.






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






11. Inventory that is held in addition to cycle stock to guard against uncertainties in supply and/or lead time.






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






13. The science that seeks to adapt work or working conditions to suit the abilities of the worker.






14. 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.






15. The amount of output divided by the amount of input.






16. The number of times an inventory is used or replaced each year.






17. Refers to ships that register in nations that have lax maritime registration rules - particularly with respect to safety requirements.






18. Refers to the amount of product entering and leaving a facility in a given time period.






19. Provides specialized service to each customer based on a contractual arrangement.






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






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






22. Refers to the number of carriers within each mode.






23. Collects and stores information about transactions and may also control some aspects of transactions.






24. A payment from a shipper or consignee to a truck carrier for having kept the carrier's equipment too long.






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






26. 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.






27. Creating - maintaining - and enhancing strong relationships with customers and other stakeholders.






28. A strategic orientation where a diverse group of logistics activities - together with other activities - are managed as a channel system.






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






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






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






32. Materials used for the containment - protection - handling - delivery - and presentation of goods.






33. 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.






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






35. Money paid before an exchange.






36. An order size that minimizes the sum of carrying and ordering costs.






37. The receiver of a shipment.






38. Raw materials - component parts - and supplies brought from outside organizations to support a company's operations.






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






40. Procurement activities that meet the ethical and discretionary responsibilities expected by society.






41. These are material that have been spoiled - broken - or otherwise rendered unfit for further use or reclamation.






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






43. Actual physical movement of goods and people between two points.






44. For international transactions - refers to determining when and where to transfer between buyer and seller - the physical goods - the payment for goods - legal title - required documentation as well as responsibility for controlling and caring f






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

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46. The percentage of orders that can be completely and immediately filled from existing stock.






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






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






49. Inventory that is held for several reasons such as seasonal demand - projected price increases - and potential product shortages.






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