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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. Similar to the center-of-gravity locational approach - except that shipping volumes are also taken into account.






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






3. Logistics Information System






4. A technique that seeks to better understand the cost of a product by identifying what activities drive particular costs.






5. Flatboard boat used to transport heavy products.






6. A uniform sealed reusable metal 'box' in which goods are shipped.






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






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






9. Transportation carrier that has agreed to serve the general public and assumes four legal obligations: service - delivery - reasonable rates - and avoidance of discrimination.






10. Artificial intelligence - Sophisticated use of the computer in which it is programmed to 'think' as a trained - skilled human in specific situations.






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






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






13. Positive - long-term relationships between supply chain participants.






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






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






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






17. Stock that exceeds the reasonable requirements of an organization.






18. Truck trailers of flatcars.






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






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






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






22. Elapsed time between a customer places an order and when the goods are received.






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






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






25. Products that customers view as being able to fill the same need or want as another product.






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






27. Product for which there is no demand.






28. Simulation of the types of problems that the package will be exposed to in warehouses and in transit.






29. Their intent is to incorporate nonbusiness factors (e.g. - cost of living - crime rate - educational opportunities) into the decision of where to locate a plant or distribution facility.






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






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






32. Refers to ships that register in nations that have lax maritime registration rules - particularly with respect to safety requirements.






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






34. Boxes or other containers secured to a pallet or slip sheet.






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






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






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






38. Logistics activities are managed in multiple departments throughout an organizations.






39. The process of determining how a shipment will be moved between consignor and consignee or between place of acceptance by the carrier and place of delivery to the consignee.






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






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






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






43. Analyzing the impacts of small changes - such as adding or subtracting one unit of input.






44. Factors in the system that cannot be changed for various reasons.






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






46. Strategic - Tactical - Operational






47. Inventory that is held for several reasons such as seasonal demand - projected price increases - and potential product shortages.






48. The time from when a transportation carrier picks up the shipment until it is received by the customer.






49. Breaking larger quantities into smaller quantities.






50. Satisfying current and emerging customer needs.







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