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Logistics Vocab
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Subject
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business-skills
Instructions:
Answer 50 questions in 15 minutes.
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Match each statement with the correct term.
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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. Material that is used to block and brace products inside carrier equipment to prevent the shipment from shifting in transit and becoming damaged.
dunnage
land bridge
Consignor
associative forecasting
2. A carrier's attempt to determine a shipment's location during the course of its move.
consolidate
VMI (vendor-managed inventory)
RFID (radio-frequency identification)
tracing
3. Refers to the fact that more items are recorded entering than leaving warehouse facilities.
customer satisfaction
inventory shrinkage
data mining
Six Sigma
4. Price of the product at its source plus transportation costs to its destination.
landed costs
FOB destination - freight collect
aperless warehousing
backhaul
5. Money paid after an exchange.
export management company
kickbacks
consolidate
control
6. Focuses on an organization's ability to respond to changes in demand with respect to volume and variety.
agile supply chain
procurement (purchasing)
place utility
kickbacks
7. Positive - long-term relationships between supply chain participants.
detention
C-TPAT (Customs Trade Partnership Against Terrorism)
weight-gaining product characteristics
partnerships
8. A process where product is received in a facility - occasionally married with product going to the same destination - then shipped at the earliest opportunity - without going into long-term storage.
fast supply chain
substitute products
cross-docking
consolidate
9. Refers to logistical activities associated with goods that move across national boundaries.
weighted center-of-gravity approach
ABC (Activity-based costing)
international logistics
unitization
10. Depicts the demand for - and replenishment of - inventory.
partnerships
transportation
inventory flow diagram
amodal shipper
11. The cost of giving up an alternative opportunity.
opportunity costs
power retailer
containers
supplier parks
12. Costs to seller when it is unable to supply an item to a customer ready to buy.
stockout cost
speculative stock
bonded storage
opportunity costs
13. A U.S. federal agency that regulates workplaces to ensure the safety of workers.
OSHA (Occupational Safety and Health Administration)
import quotas
demand management
seamless distribution
14. Refers to waterborne transportation that utilizes inland and coastal waterways to move shipments from domestic ports to their destination.
classification
short sea shipping
demand management
dimensional (dim) weight
15. Refer to materials that are not likely to ever be used by the organization that purchased it.
make-to-order
obsolete materials
supplier parks
responsiveness
16. Satisfying current and emerging customer needs.
excess capacity
draft
pull inventory system
relevancy
17. Mixes attributes of public and contract warehousing; services are more differentiated than a public facility but less customized than in a contract facility.
accessorial service
supply management
multiclient warehousing
Maquiladora
18. Elapsed time between a customer places an order and when the goods are received.
order cycle
slip sheet
bar-code scanners
nesting
19. A framework that identifies five key processes - plan - source - make - deliver - return - associated with supply chain management.
SCOR (Supply-Chain Operations Reference Model)
transportation
order triage
control
20. The need to rapidly move a shipment to its final destination.
back order
perfect order
expediting
system security
21. Goods moving between two points - often accompanied by a live bill of lading.
co-branding
goods in transit
expediting
GPS (Global positioning systems)
22. The use of radio frequency to identify objects that have been implanted with an RFID tag.
inventory turnover
RFID (radio-frequency identification)
Strategic (planning time horizon)
contract logistics
23. Terminal-to-terminal movement of freight or passengers.
demand management
routing guide
line-haul
facility relocation
24. Transportation service that is supplemental to line-haul transportation.
accessorial service
SCM (Supply Chain Management)
unit load
FOB origin - freight prepaid and charged back
25. Refers to an alliance in the container trades in which ocean carriers retain their individual identities but cooperate in the area of operations.
hazardous materials
TEU
ocean carrier alliances
barge
26. A set of generic standards used to document - implement - and demonstrate quality management and assurance systems.
packaging
inbound logistics
ISO 9000
detention
27. State laws that specify that a worker does not have to join the union to work permanently at a facility.
right-to-work laws
GPS (Global positioning systems)
routing
slurry systems
28. These help various stake-holders to work together by interacting and sharing information in many different forms.
market strategy
order triage
fixed slot location
communication system
29. The buyer pays the freight charges when the goods arrive - and the seller owns the goods while they are in transit.
density
investment recovery
FOB destination - freight collect
expatriate workers
30. Created by the U.S. Department of Housing and Urban Development to encourage business development-through various tax credits-in economically depressed portions of cities.
empowerment zone
load center
seamless distribution
slurry systems
31. Provides specialized service to each customer based on a contractual arrangement.
nodes
ocean carrier alliances
information (channel) strategy
contract carrier
32. People - equipment - and procedures to gather - sort - analyze - evaluate - and distribute needed - timely - and accurate information to logistics decision makers.
contract (third-party) warehousing
electronic commerce
order picking and assembly
logistics information system
33. Employee theft.
customer satisfaction
hazardous materials
backhaul
pilferage
34. Analyzing the impacts of small changes - such as adding or subtracting one unit of input.
marginal analysis
sorting
maverick spending
allocating
35. 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.
ABC analysis
sorting
backhaul
fixed order interval system
36. A system that simplifies each of the three primary rate factors - product - weight - and distance.
goods in transit
phantom freight
assorting
class rate system
37. The buying and controlling of transportation services by either a shipper or consignee.
possession utility
transportation management
productivity
shipper's export declaration (SED)
38. Refers to employees who do not follow company guidelines about which suppliers to use in particular situations.
maverick spending
private carrier
SCM (Supply Chain Management)
FOB origin - freight prepaid and charged back
39. An inventory system that responds to forecasted (rather than actual) customer demand.
detention
transaction processing system
dunnage
push inventory system
40. A U.S. government agency with primary responsibility for regulating railroad pricing and service.
STB (Surface Transportation Board)
SCOR (Supply-Chain Operations Reference Model)
weighing out
fourth-party logistics (lead logistics provider)
41. Bill of Lading
BOL
line-haul
freight absorption
economic utility
42. 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.
regrouping function
center-of-gravity approach
in bond
Bill of Lading
43. A measure of how heavy a product is in relation to its size.
Consignee
density
ERP (Enterprise Resource Planning system)
mass logistics
44. Compares actual experience to the expected experience and if the actual experience equals or exceeds the expected experience - then the customer is satisfied.
SCOR (Supply-Chain Operations Reference Model)
customer satisfaction
detention
pull inventory system
45. An order picker goes to where the product is located (e.g. - a forklift).
cross-docking
picker-to-part system
International Air Transport Association (IATA)
ocean carrier alliances
46. A warehousing facility that is owned or occupied on a long-term lease by the firm using it.
mass logistics
market strategy
slip sheet
private warehousing
47. Day-to-day decision making - Operations controlled against standards and rules - Control via weekly/monthly reports - The implementation of the operational plan
transit time
contract logistics
Operational (planning time horizon)
SCM (Supply Chain Management)
48. Materials requested by a customer that are unavailable for shipment at the same time as the reminder of the order. They are usually shipped when available.
economic utility
back order
perfect order
expediting
49. A payment from a shipper or consignee to a truck carrier for having kept the carrier's equipment too long.
order processing
detention
place utility
weighted center-of-gravity approach
50. The use of speech to guide order-picking activities.
time utility
land bridge
voice-based order picking
investment recovery
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