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. An intermediary that oversees the efficient movement of importers' goods (and accompanying paperwork) through customs and other inspection points.






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






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






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






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






6. A strategic orientation in which a limited number of traditional logistics activities are managed across business units.






7. Occurs when the shipper notifies the carrier - prior to the shipment's arrival in the destination city - of a change in destination.






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






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






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






11. Materials requested by a customer that are unavailable for shipment at the same time as the reminder of the order. They are usually shipped when available.






12. Goods that flow from the consumer to the manufacturer (e.g. - product recalls and product recycling).






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






14. The level of inventory at which a replenishment order is placed.






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






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






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






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






19. Price of the product at its source plus transportation costs to its destination.






20. Refers to a product's being in a form that (1) can be used by the customer and (2) is of value to the customer.






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






22. Employee theft.






23. Emphasize the storage of products and their primary purpose is to maximize usage of available storage space.






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






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






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






27. U.S. federal government body with primary responsibility for transportation safety regulation.






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






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






30. A common credential that will be used to identify workers across all modes of transportation.






31. Procurement activities that meet the ethical and discretionary responsibilities expected by society.






32. Taxes that governments place on the importation of certain items.






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






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






35. 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.






36. A long-term arrangement between a shipper and another party to provide logistics services that is characterized by relational focus - a focus on mutual benefits - and the availability of customized offerings.






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

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38. Combining smaller packages into larger unites that can be more efficiently handled at one time.






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






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






41. 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






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






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






44. Refers to a situation in which a hazard or defect is discovered in a manufactured or processed item - and its return is mandated by a government agency.






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






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






47. Similar to common carriers in that public warehousing serves all legitimate users and has certain responsibilities to this users.






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






49. Products are produced after receiving a customer order.






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