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






2. Utilizes sophisticated quantitative techniques to find hidden patterns in large volumes of data.






3. Inventory is replenished with a set quantity every time it is ordered; the time interval between orders may vary.






4. Refers to the number of transportation modes available to prospective users.






5. 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.






6. One location where customers can purchase products from two or more name-brand retailers.






7. The short-distance movement of material between two or more points.






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






9. The removal of levels (layers) from a channel of distribution.






10. The pick location is brought to the picker (e.g. - carousels).






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






12. Inventories that are used or distributed together (e.g. razor blades and razors).






13. Satisfying current and emerging customer needs.






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






15. A framework that identifies five key processes - plan - source - make - deliver - return - associated with supply chain management.






16. 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.






17. An international trade specialist that can handle either vessel shipments or air shipments and that offers a number of different functions such as booking space on carriers - obtaining consular documents - and arranging for insurance - among other






18. Refers to the fact that more items are recorded entering than leaving warehouse facilities.






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






20. Pricing that includes both the price of the product and the transportation cost of the product to the purchaser's receiving dock.






21. A long-term arrangement between a shipper and another party to provide logistics services that is characterized by relational focus - a focus on mutual benefits - and the availability of customized offerings.






22. An approach for locating a single facility that minimizes the distance to existing facilities.






23. Key suppliers locate on - or adjacent to - automobile plants - which helps reduce shipping costs and inventory carrying costs.






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






25. Companies whose primary business is other than transportation provide their own transportation service by operating truck - railcars - barges - ships - or airplanes.






26. An order that simultaneously achieves relevant customer metrics.






27. A location technique utilizing a map or grid - with specific locations marked on the north-south and east-west axes. Its purpose is to find a location that minimizes transportation costs.






28. Refers to logistical activities associated with goods that move across national boundaries.






29. System that attempts enterprisewide coordination of relevant business processes by allowing (conceptually - at least) all functional areas within a firm to access and analyze a common database.






30. A U.S. government agency with primary responsibility for regulating railroad pricing and service.






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






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






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






34. Analysis that is performed by a trade association - professional organization - or other entity - on a industry wide basis.






35. Refers to systems that consider the return flow of products - their reuse - and the marketing and distribution of recovered products.






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






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






38. Piggyback traffic - or loading truck trailers onto rail flatcars.






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






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






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






42. A carrier or public facility where freight (or passengers) is shifted between vehicles or modes.






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






44. Retail industry initiative where trading partners share planning and forecasting data to better match supply and demand.






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






46. Price of the product at its source plus transportation costs to its destination.






47. A relational exchange approach involving a limited number of suppliers.






48. Bringing together inventory from different sources.






49. An organization's ability to address unexpected operational situations.






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