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. The degree to which an organization can accommodate unique or unplanned customer requests.






2. Refers to waterborne transportation that utilizes inland and coastal waterways to move shipments from domestic ports to their destination.






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






4. The orderly and planned observation of one or more segments in the logistics network or supply chain.






5. Logistics Information System






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






7. Locations that contain chemicals or other types of industrial wastes.






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






9. Using a container that can be transferred from the vehicle of one mode to a vehicle of another - and with the movement covered under a single bill of lading.






10. Firm the helps a domestic company become involved in foreign sales. They often locate foreign firms that can be licensed to manufacture the product in the foreign country.






11. A small device that responds to radio signals from an outside source.






12. A strategic orientation in which traditional logistics activities are managed as a value-added system.






13. A practice that emphasizes the virtual elimination of business errors that strives to achieve 3.4 defects - deficiencies - or errors per one million opportunities.






14. Concept that suggests that all relevant activities in moving and storing products should be considered as a whole (i.e. - their total cost) - not individually.






15. Analogous to personal property taxes paid by individuals - and inventory tax is based on the value of inventory that is held by an organization on the assessment date.






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






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






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






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

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20. Requires a certain percentage of traffic to move on a nation's flag vessels.






21. The seller pays the freight charges and also owns the goods in transit. The is what is generally referred to as FOB destination pricing.






22. Simulation of the types of problems that the package will be exposed to in warehouses and in transit.






23. A product that loses weight during the production process; the processing point as near to its origin as possible.






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






25. Refers to software that has been developed for managers to deal with specifics logistics functions or activities (e.g. transportation management systems)






26. Refers to a product's being in a form that (1) can be used by the customer and (2) is of value to the customer.






27. A buyer invites bids from multiple sellers - and the seller with the lowest bid is often awarded the business.






28. Bringing together inventory from different sources.






29. A major port where thousands of containers arrive and depart per week. These ports specialize in the efficient handling of containers.






30. Money paid before an exchange.






31. 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.






32. Occurs when the shipper notifies the carrier - prior to the shipment's arrival in the destination city - of a change in destination.






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






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






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






36. Cargo reaches a vehicle's or a container's weight capacity without filling its cubic capacity.






37. Facilitators that make the channel function better.






38. Use satellites that allow companies to compute vehicle positions - velocity - and time.






39. State laws that specify that a worker does not have to join the union to work permanently at a facility.






40. General contractor that ensures that third-party logistics companies are working toward relevant supply chain goals and objectives.






41. Electronic devices that read bar codes and can be used to keep track inventory - reorder inventory - and analyze inventory patterns.






42. Numbers assigned to various types of freight - based mainly on the carrier's costs of handling that type of product - and - along with weight and distance - used as a basis for determining the costs of shipment.






43. Twenty-foot equivalent unit; a measure of the number of 20-foot containers that are used or handled.






44. The seller owns the goods in transit - prepays the freight charges - and bills the buyer for the freight charges.






45. An order that simultaneously achieves relevant customer metrics.






46. Flatboard boat used to transport heavy products.






47. The costs of holding an inventory - such as interest on investment - insurance - deterioration - and so on.






48. 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






49. Conformance to mutually agreed upon requirements.






50. Day-to-day decision making - Operations controlled against standards and rules - Control via weekly/monthly reports - The implementation of the operational plan