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 buyer pays the freight charges when the goods arrive - and the seller owns the goods while they are in transit.






2. The management of the various activities associated with the order cycle.






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






4. The need to rapidly move a shipment to its final destination.






5. A system in which the size and timing of replenishment orders into a retailer's system are the manufacturer's responsibility.






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






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






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






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






10. Refers to security throughout the entire supply chain.






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






12. Employee theft.






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






14. Transport products that are ground into a powder - mixed with water - and then shipped in slurry form through a pipeline.






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






16. Refers to corporate officers such as a chief executive officer (CEO) - chief operating officer (COO) - or chief financial officer (CFO).

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17. An area - usually near a port or an airport - where goods can be stored or processed before entering through the importing nation's customs inspections.






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






19. Strategic - Tactical - Operational






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






21. According to the Council of Supply Chain Management Professionals - SCM encompasses the planning and management of all activities involved in sourcing and procurement - conversion - and all logistics management activities. Importantly - it also i






22. Logistics-related decisions are made separately at the divisional or product group level and often in different geographic regions.






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






24. Identifies opportunities to recover revenues or reduce costs associated with scrap - surplus - obsolete - and waste materials.






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






26. Contains relevant export transaction data such as the transportation mode(s) - transaction participants - and description of what is being exported.

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27. Refer to materials that are not likely to ever be used by the organization that purchased it.






28. Cartels of all ocean vessel operators operating between certain trade areas.






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






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






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






32. Prohibition of trade between particular countries.






33. 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






34. Emphasizes a speed or time component.






35. A cartel consisting of nearly all the world's scheduled international airlines.






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






37. Facts or recorded measures of certain phenomena.






38. Changes to one logistics activity cause some costs to increase and others to decrease.






39. An order that simultaneously achieves relevant customer metrics.






40. Assemble small shipments into a single - larger shipment.






41. Inventory is replenished on a constant - set schedule and is always ordered at a specific time; the quantity ordered varies depending on forecasted sales before the next order date.






42. The delay of value-added activities such as assembly - production - and packaging to the latest possible time.






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






44. 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.






45. Terms of sale for international transactions that represent - from the seller's viewpoint - the different locations - or stages - for quoting a price to an overseas buyer.






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






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






48. Movement and storage of raw materials - parts - and components within a firm.






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






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