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. People - equipment - and procedures to gather - sort - analyze - evaluate - and distribute needed - timely - and accurate information to logistics decision makers.






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






3. The orders to be picked are identified by lights placed on shelves or racks.






4. A process for returning a customer to a state of satisfaction after a service or product has failed to live up to expectations.






5. A technique used to model the systems under study - typically using mathematical equations to represent relationships among components of a logistics system.






6. 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.






7. 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.






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






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






10. Employees who are sent to other countries for extended periods of time.






11. Specifies the country(ies) in which a product is manufactured.






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






13. Involves rearranging the quantities and assortment of products as they move through the supply chain.






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






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






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






17. The time from when the seller receives an order until an appropriate location is authorized to fill the order.






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






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






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






21. Gross domestic product






22. A return trip or movement in a direction of secondary importance or purpose.






23. A flat sheet of either fiberboard material or plastic that is placed under the unit load.






24. Terminal-to-terminal movement of freight or passengers.






25. Truck trailers on flatcars - also referred to as TOFC.






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

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






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






29. Emphasizes a speed or time component.






30. 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.






31. Products are produced after receiving a customer order.






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






33. Refers to choosing the locations for distribution centers - warehouses - and production facilities to facilitate logistical effectiveness and efficiency.






34. 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.






35. Refers to warehousing situations where goods are not released until applicable fees are paid. As an example - Internal Revenue Service - bonded warehouses hold goods other federal taxes and fees collected.






36. Conformance to mutually agreed upon requirements.






37. Logistics-related decisions are made separately at the divisional or product group level and often in different geographic regions.






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






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






40. Refers to forecasting that involves judgment or intuition and is preferred in situations where there is limited - or no - historical data.






41. Goods moving between two points - often accompanied by a live bill of lading.






42. Artificial intelligence - Sophisticated use of the computer in which it is programmed to 'think' as a trained - skilled human in specific situations.






43. A group of forecasting techniques that is based on the idea that future demand is solely dependent on past demand.






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






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






46. Strives to keep customers happy and creates in the customer's mind the perception of an organization that is easy to do business with.






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






48. Materials that lose no weight in processing.






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






50. Flatboard boat used to transport heavy products.