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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. 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.






2. Taking and removing personal property with the intent to deprive the rightful owner of it.






3. 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.






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






5. Companies that specialize in providing various types of logistics services.






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






7. A specific rate for every possible combination of product - weight - and distance.






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






9. An analysis of workers' productivity over short periods of time. Each worker is assigned specific duties that he or she should be able to complete during the time period provided.






10. Software packages that control the movement and storage of materials within a warehousing facility.






11. Characterized by variability in demand orders among supply chain participants.






12. Depicts the demand for - and replenishment of - inventory.






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






14. Having products available when they are needed by customers.






15. Focuses on an organization's ability to respond to changes in demand with respect to volume and variety.






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






17. The term associated with the handling of unit loads.






18. A carrier's attempt to determine a shipment's location during the course of its move.






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






20. Building up a variety of different products for resale to a particular customer.






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






22. Cooperative - formal or informal supply chain relationships between manufacturing companies and their suppliers - business partners - or customers - developed to enhance the overall business performance of both sides.






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






24. Economic activity that can be conducted via electronic connections such as EDI and the internet.






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






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






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






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






29. Damage that is not initially apparent but is discovered after a package is opened.






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






31. 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.






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






33. Product for which there is no demand.






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






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






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






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






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






39. A warehouse with an emphasis on quick throughput - such as is needed in supporting marketing efforts.






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






41. Strategic - Tactical - Operational






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






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






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






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






46. Money paid before an exchange.






47. A payment from a shipper or consignee to a truck carrier for having kept the carrier's equipment too long.






48. aka bulk-breaking






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






50. The distance between the inner sides of two parallel rail tracks.







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