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Test your basic knowledge |
Logistics Vocab
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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 receiver of a shipment.
order processing
pick-to-light technology
Consignee
international logistics
2. The amount of output divided by the amount of input.
dunnage
productivity
freight absorption
global procurement (sourcing)
3. 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.
on-demand software
empowerment zone
TEU
intermodal transportation
4. Refers to logistical activities associated with goods that move across national boundaries.
common carrier
international logistics
FOB origin - freight prepaid
physical distribution
5. A framework that identifies five key processes - plan - source - make - deliver - return - associated with supply chain management.
cause and effect forecasting
facility relocation
SCOR (Supply-Chain Operations Reference Model)
batch number
6. Taxes that governments place on the importation of certain items.
tariffs
communication system
nesting
VMI (vendor-managed inventory)
7. Provide effective ways to process personal and organizational business data - to perform calculations - and to create documents.
ocean carrier alliances
unit load
package testing
office automation systems
8. A group of forecasting techniques that is based on the idea that future demand is solely dependent on past demand.
OSHA (Occupational Safety and Health Administration)
inventory shrinkage
time series forecasting
electronic commerce
9. The seller pays the freight charges in advance but bills the buyer for them. The buyer owns the goods in transit.
FOB origin - freight prepaid and charged back
FOB destination - freight prepaid and charged back
comprehensive systems analysis
part-to-picker system
10. That part of a firm's logistics system that stores products at and between points of origin and point of consumption.
warehousing
speculative stock
JIT (Just-in-time) approach
electronic procurement (e-procurement)
11. Refers to buying components and inputs anywhere in the world.
backhaul
global procurement (sourcing)
ABC (Activity-based costing)
broker
12. U.S. federal government body with primary responsibility for transportation safety regulation.
tom miles
DOT (Department of Transportation)
package testing
benchmarking
13. 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.
accumulating
expediting
third-party logistics (logistics outsourcing)
stockout
14. A product that loses weight during the production process; the processing point as near to its origin as possible.
landed costs
weight-losing product characteristics
grid system
right-to-work laws
15. Refers to security throughout the entire supply chain.
judgmental forecasting
detention
electronic commerce
system security
16. Simulation of the types of problems that the package will be exposed to in warehouses and in transit.
dead inventory (stock)
package testing
physical distribution
intermodal transportation
17. Actual physical movement of goods and people between two points.
flexibility
OSHA (Occupational Safety and Health Administration)
fragmented logistics structure
transportation
18. An international payment option that is issued by a bank and guarantees payment to a seller provided that the seller has complied with the applicable terms and conditions of the particular transaction.
agile supply chain
letter of credit
safety (buffer) stock
fixed order interval system
19. A small device that responds to radio signals from an outside source.
flags of convenience
supplier parks
nontariff barriers
transponders
20. Packaging tapered articles inside each other to reduce the cubic volume of the entire shipment.
freight claims
agile supply chain
nesting
variable slot location
21. The shipment size that equates transportation charges for different rates and weight groups.
weight break
JIT (Just-in-time) approach
FOB origin pricing
bullwhip effect
22. The most important single transportation document that is the operating document in the industry.
pallet (skid)
Bill of Lading
intramodal competition
transponders
23. Goods moving between two points - often accompanied by a live bill of lading.
AI
goods in transit
private carrier
dead inventory (stock)
24. The time from when a transportation carrier picks up the shipment until it is received by the customer.
The major functions of the different planning time horizons
order delivery
customs broker
dead inventory (stock)
25. The depth in the water to which a vessel can be loaded.
sorting
short sea shipping
GIS (Graphical Information Systems)
draft
26. An approach for locating a single facility that minimizes the distance to existing facilities.
center-of-gravity approach
kickbacks
push inventory system
LIS
27. The elapsed time from when an order is picked up by a transportation carrier until it is received by the customer.
commercial invoice
on-demand software
time utility
transit time
28. Analysis that is performed by a trade association - professional organization - or other entity - on a industry wide basis.
industry systems analysis
order management
simulation
socially responsible procurement
29. Product for which there is no demand.
tracing
dead inventory (stock)
Operational (planning time horizon)
throughput
30. The buying and controlling of transportation services by either a shipper or consignee.
transportation management
commercial invoice
facility location
transit time
31. A degree of aggressive procurement involvement not normally encountered in supplier selection.
shipper's export declaration (SED)
supplier development (reverse marketing)
wireless communication
stowability
32. A system that simplifies each of the three primary rate factors - product - weight - and distance.
class rate system
dunnage
mass logistics
on-demand software
33. A charge assessed by rail carriers to users that fail to unload and return vehicles or containers promptly.
postponement
demurrage
place utility
shippers' associations
34. Economic activity that can be conducted via electronic connections such as EDI and the internet.
supply management
electronic commerce
building-blocks concept
part-to-picker system
35. One location where customers can purchase products from two or more name-brand retailers.
agile supply chain
Operational (planning time horizon)
CPA (Customer profitability analysis)
co-branding
36. Being out of an item at the same time there is a willing buyer for it.
stockout
Incoterms 2000
OSHA (Occupational Safety and Health Administration)
maverick spending
37. A relational exchange approach involving a limited number of suppliers.
supply management
freight claims
supply chain
Strategic (planning time horizon)
38. The short-distance movement of material between two or more points.
materials handling
shipper's export declaration (SED)
order picking and assembly
reverse logistics
39. Boxes or other containers secured to a pallet or slip sheet.
supply management
unit load
private warehousing
empowerment zone
40. Concept that suggests that all relevant activities in moving and storing products should be considered as a whole (i.e. - their total cost) - not individually.
total cost approach
kickbacks
dead inventory (stock)
accessorial service
41. Similar to common carriers in that public warehousing serves all legitimate users and has certain responsibilities to this users.
weighing out
The major functions of the different planning time horizons
public warehousing
parcel
42. A location technique utilizing a map or grid - with specific locations marked on the north-south and east-west axes. Its purpose is to find a location that minimizes transportation costs.
grid system
freight bill
Nonvessel-operating common carrier (NVOCC)
piggyback transportation
43. Emphasize the storage of products and their primary purpose is to maximize usage of available storage space.
unit load
logistics information system
complementary products
warehouse
44. Analogous to personal property taxes paid by individuals - and inventory tax is based on the value of inventory that is held by an organization on the assessment date.
private carrier
fixed slot location
backhaul
inventory tax
45. A warehousing facility that is owned or occupied on a long-term lease by the firm using it.
part-to-picker system
nontariff barriers
private warehousing
detention
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.
assorting
transportation management
FOB destination - freight prepaid
scrap materials
47. Taking and removing personal property with the intent to deprive the rightful owner of it.
theft
EOQ (Economic Order Quanitity)
reverse logistics
process strategy
48. Pricing that includes both the price of the product and the transportation cost of the product to the purchaser's receiving dock.
FOB destination (delivered) pricing
ABC analysis
opportunity costs
comprehensive systems analysis
49. Use satellites that allow companies to compute vehicle positions - velocity - and time.
contract carrier
order transmittal
inventory
GPS (Global positioning systems)
50. Mixes attributes of public and contract warehousing; services are more differentiated than a public facility but less customized than in a contract facility.
fixed order interval system
multiclient warehousing
commercial invoice
field warehousing