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






2. An order picker goes to where the product is located (e.g. - a forklift).






3. Gross domestic product






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






5. For-hire carriers that have been exempted from economic regulation through provisions in various pieces of legislation.






6. Flatboard boat used to transport heavy products.






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






8. Refers to the allocation of revenues and costs to customer segments or individual customers to calculate the profitability of the segments or customers.






9. Truck trailers of flatcars.






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






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






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






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






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






15. Actual physical movement of goods and people between two points.






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






17. Classifying orders according to pre-established guidelines so that a company can prioritize how orders should be filled.






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






19. Multiple logistics activities are combined into - and managed as - a single department.






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






21. Compares actual experience to the expected experience and if the actual experience equals or exceeds the expected experience - then the customer is satisfied.






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






23. Refers to a combination of water transportation and surface transportation between an origin and destination port.






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






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






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






27. Facilitators that make the channel function better.






28. Provides specialized service to each customer based on a contractual arrangement.






29. These help various stake-holders to work together by interacting and sharing information in many different forms.






30. 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






31. The use of speech to guide order-picking activities.






32. The documents associated with transportation shipments.






33. Occurs when a cargo takes up a vehicle's or a container's cubic capacity before reaching its weight capacity.






34. Global Supply Chain Forum






35. Restrictions other than tariffs that are placed on imported products.






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






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






38. A body of facts in a format suitable for decision making.






39. A document used in cross-border trade that summarizes the entire transaction and contains key information such as a description of the goods - terms of sale and payments - and so on.






40. An organization maintains a single logistics department that administers the related activities for the entire company from the home office.






41. Looks at a single aspect of logistics - such as a time-and-motion study of individuals who handle incoming freight at a receiving dock.






42. Separating products into grades and qualities desired by different target markets.






43. A product that gains weight in processing; the processing point should be close to the market.






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






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






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






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






48. Generates and uses few or no paper documents and relies on technology to accomplish the relevant tasks.






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

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