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Test your basic knowledge |
Logistics Vocab
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Subject
:
business-skills
Instructions:
Answer 50 questions in 15 minutes.
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study here
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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. Each separate type of item that is accounted for in an inventory.
short sea shipping
FOB origin pricing
excess capacity
SKU (stock-keeping unit)
2. A system in which the size and timing of replenishment orders into a retailer's system are the manufacturer's responsibility.
benchmarking
flexibility
VMI (vendor-managed inventory)
amodal shipper
3. Emphasizes a speed or time component.
fast supply chain
weight-gaining product characteristics
tracing
freight bill
4. Packaging tapered articles inside each other to reduce the cubic volume of the entire shipment.
order processing
associative forecasting
nesting
short-interval scheduling
5. Refers to the number of carriers within each mode.
demurrage
embargoes
intramodal competition
ROP (reorder point)
6. Costs to seller when it is unable to supply an item to a customer ready to buy.
shipping conferences
stockout cost
global procurement (sourcing)
contract (third-party) warehousing
7. An order that simultaneously achieves relevant customer metrics.
warehouse
Incoterms 2000
perfect order
pilferage
8. Refers to the number of transportation modes available to prospective users.
order picking and assembly
order transmittal
intermodal competition
partial systems analysis
9. A transportation manager who purchases a prespecified level of transportation service and is indifferent to the mode(s) or carrier(s) used to provide the actual transportation service.
service recovery
aperless warehousing
amodal shipper
shipping conferences
10. 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.
cross-docking
terms of sale
perfect order
inventory tax
11. The distance between the inner sides of two parallel rail tracks.
Maquiladora
rail gauge
weight break
demand management
12. Refers to the fact that more items are recorded entering than leaving warehouse facilities.
shippers' associations
part-to-picker system
inventory shrinkage
FOB origin - freight prepaid and charged back
13. Established in the late 1980s to recognize U.S. organizations for their achievements in quality and performance.
Malcolm Baldrige National Quality Award
weight-gaining product characteristics
contract logistics
allocating
14. 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.
order transmittal
in bond
'C-level' position
demand management
15. Products are produced after receiving a customer order.
make-to-order
expediting
center-of-gravity approach
density
16. The buyer pays freight charges and owns the goods in transit. This is the most common FOB origin term.
substitute products
FOB destination (delivered) pricing
obsolete materials
FOB origin - freight collect
17. An inventory system that responds to forecasted (rather than actual) customer demand.
weighted center-of-gravity approach
amodal shipper
push inventory system
time series forecasting
18. Nonprofit membership cooperatives that perform basically the same function as freight forwarders.
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19. Refer to the manner by which a seller will be paid by a buyer for an international transaction.
waste materials
empowerment zone
terms of payment
maverick spending
20. 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.
JIT (Just-in-time) approach
decentralized logistics organization
cargo preference
ABC (Activity-based costing)
21. The number of times an inventory is used or replaced each year.
customer service
fixed order quantity system
reconsignment
inventory turnover
22. The short-distance movement of material between two or more points.
time utility
FOB origin - freight collect
weighted center-of-gravity approach
materials handling
23. 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
cost trade-offs
commercial invoice
judgmental forecasting
logistics
24. The level of inventory at which a replenishment order is placed.
commercial invoice
ROP (reorder point)
FOB origin - freight prepaid
third-party logistics (logistics outsourcing)
25. Building up a variety of different products for resale to a particular customer.
assorting
tom miles
bar-code scanners
ergonomics
26. The management of the various activities associated with the order cycle.
amodal shipper
transportation
order management
landed costs
27. A cartel consisting of nearly all the world's scheduled international airlines.
International Air Transport Association (IATA)
weighted center-of-gravity approach
TOFC
weighing out
28. A warehouse with an emphasis on quick throughput - such as is needed in supporting marketing efforts.
distribution center
batch number
Tactical (planning time horizon)
materials handling
29. Piggyback traffic - or loading truck trailers onto rail flatcars.
STB (Surface Transportation Board)
possession utility
TOFC (trailer on flatcar)
fourth-party logistics (lead logistics provider)
30. An inventory system that responds to actual (rather than forecasted) customer demand.
distribution center
quality-of-life considerations
pull inventory system
BOL
31. A strategic orientation where a diverse group of logistics activities - together with other activities - are managed as a channel system.
expediting
transponders
information (channel) strategy
goods in transit
32. A small device that responds to radio signals from an outside source.
transponders
throughput
theft
empowerment zone
33. Provide effective ways to process personal and organizational business data - to perform calculations - and to create documents.
relevancy
office automation systems
DOT (Department of Transportation)
inventory turnover
34. Creating - maintaining - and enhancing strong relationships with customers and other stakeholders.
bulk-making
relationship management
push inventory system
inbound logistics
35. 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.
FOB origin - freight prepaid and charged back
routing
co-branding
inventory flow diagram
36. A program in which public and private organizations work together to prevent terrorism against the United States through imports and transportation.
brownfields
tom miles
JIT (Just-in-time) approach
C-TPAT (Customs Trade Partnership Against Terrorism)
37. Refers to the value or usefulness that comes from a customer being able to take possession of a product.
possession utility
push inventory system
pipeline (in-transit) stock
materials management
38. A common credential that will be used to identify workers across all modes of transportation.
cargo preference
dead inventory (stock)
TWIC (Transportation Worker Identification Credential)
sorting
39. Inventory that is in route between various nodes in a logistics system.
pick-to-light technology
common carrier
pipeline (in-transit) stock
DSS (Decision support system)
40. 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.
VMI (vendor-managed inventory)
land bridge
bonded storage
line-haul
41. A warehousing facility that is owned or occupied on a long-term lease by the firm using it.
private warehousing
The major functions of the different planning time horizons
draft
waste materials
42. An approach for locating a single facility that minimizes the distance to existing facilities.
inventory flow diagram
center-of-gravity approach
sorting
make-to-stock
43. Cargo reaches a vehicle's or a container's weight capacity without filling its cubic capacity.
weighing out
FOB origin pricing
inventory turnover
TWIC (Transportation Worker Identification Credential)
44. Being out of an item at the same time there is a willing buyer for it.
terms of payment
unit load devices
inbound logistics
stockout
45. Refers to a situation in which a hazard or defect is discovered in a manufactured or processed item - and its return is mandated by a government agency.
product recall
terms of sale
quality-of-life considerations
public warehousing
46. A U.S. government agency with primary responsibility for regulating railroad pricing and service.
amodal shipper
STB (Surface Transportation Board)
EOQ (Economic Order Quanitity)
place utility
47. The removal of levels (layers) from a channel of distribution.
FOB destination (delivered) pricing
variable slot location
barge
disintermediation
48. Pricing that includes both the price of the product and the transportation cost of the product to the purchaser's receiving dock.
package testing
C-TPAT (Customs Trade Partnership Against Terrorism)
FOB destination (delivered) pricing
private warehousing
49. A system in which products are stored wherever there is empty space available in a warehouse.
consolidate
variable slot location
Malcolm Baldrige National Quality Award
dimensional (dim) weight
50. A group of forecasting techniques that is based on the idea that future demand is solely dependent on past demand.
EDI (Electronic Data Interchange)
time series forecasting
delivery window
pull inventory system