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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. Involves rearranging the quantities and assortment of products as they move through the supply chain.






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






3. In transportation - a small quantity or small package.






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






5. 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.






6. Bill of Lading






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






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






9. Allow companies to produce digital maps that can drill down to site-specific qualities such as bridge heights.






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






11. Stocks of goods and materials that are maintained for many purposes.






12. A charge assessed by rail carriers to users that fail to unload and return vehicles or containers promptly.






13. Helps managers make decisions by providing information - models - or analysis tools.






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






15. Nonprofit membership cooperatives that perform basically the same function as freight forwarders.

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






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






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






19. Companies that specialize in transporting parcels or small packages.






20. Refers to forecasting that involves judgment or intuition and is preferred in situations where there is limited - or no - historical data.






21. A return trip or movement in a direction of secondary importance or purpose.






22. Price of the product at seller's place of business. Buyer must arrange for transportation of the product from the seller's place of business.






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






24. Short- to medium-term horizon - Six-month to one-year (plus) time-span - Subsystem decisions are made - - should not impose on other logistics components - Annual budgets provide finance/cost basis - The strategic plan detail is made into an operatio






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






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






27. Refers to communication without cables and cords - and includes infrared - microwave - and radio transmissions.






28. The use of radio frequency to identify objects that have been implanted with an RFID tag.






29. Provides guidance in terms of a preferred list of carriers for shipments moving between two points.






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






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






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

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






34. A company's objectives can be realized by recognizing the mutual interdependence of the major functional areas of the firm - such as marketing - production - finance - and logistics.






35. Conformance to mutually agreed upon requirements.






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






37. Created by the U.S. Department of Housing and Urban Development to encourage business development-through various tax credits-in economically depressed portions of cities.






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






39. Costs to seller when it is unable to supply an item to a customer ready to buy.






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






41. 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.






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






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






44. Cargo on which taxes or duties have yet to be paid. The owner must post a bond or use a bonded carrier or warehouse to guarantee that the materials will not be sold until the taxes or duties are paid.






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






46. The movement and storage of materials into a firm.






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






48. Buyer pays a lower freight charge than the shipper incurs in shipping the product.






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






50. Refers to employees who do not follow company guidelines about which suppliers to use in particular situations.