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. Manufacturing plants that exist just south of the U.S.-Mexican border.






2. An alternative name for airfreight containers.






3. 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.






4. Occurs in delivered pricing when a buyer pays an excessive freight charge calculated into the price of the goods.






5. A technique that seeks to better understand the cost of a product by identifying what activities drive particular costs.






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






7. Product for which there is no demand.






8. Established in the late 1980s to recognize U.S. organizations for their achievements in quality and performance.






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






10. Unused available space.






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






12. Elapsed time between a customer places an order and when the goods are received.






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






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






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






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






17. The number of tons times the number of miles.






18. Short- to medium-term horizon - Six-month to one-year (plus) time-span - Subsystem decisions are made - - should not impose on other logistics components - Annual budgets provide finance/cost basis - The strategic plan detail is made into an operatio






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






20. Transportation service that is supplemental to line-haul transportation.






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






22. An international logistics specialist that custom packs shipments when the exporter lacks the equipment or expertise to do so itself.






23. Uses the internet to make it easier - faster - and less expensive for an organization to purchase goods and services.






24. Each product is assigned a specific location in a warehouse and is always stored there.






25. In international trade - a firm that provides carrier services to shippers but owns no vessels itself.






26. The most important single transportation document that is the operating document in the industry.






27. Measurement that ensures conformity with an organization's policies - procedures - or standards.






28. 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.






29. Emphasizes a speed or time component.






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






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






32. Employee theft.






33. The level of inventory at which a replenishment order is placed.






34. The seller pays the freight charges in advance but bills the buyer for them. The buyer owns the goods in transit.






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






36. A program in which public and private organizations work together to prevent terrorism against the United States through imports and transportation.






37. An individual or firm in the business of carrying cargo or passengers.






38. The elapsed time from when an order is picked up by a transportation carrier until it is received by the customer.






39. A measure of how heavy a product is in relation to its size.






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






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






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






43. An invoice submitted by a transportation carrier requesting to be paid.






44. Consolidates freight shipments and buys transportation services in volume rates.






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






46. Using measures of another organization's performance to judge one's own performance.






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






48. Provide effective ways to process personal and organizational business data - to perform calculations - and to create documents.






49. Being out of an item at the same time there is a willing buyer for it.






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