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






2. For-hire carriers that have been exempted from economic regulation through provisions in various pieces of legislation.






3. A process for returning a customer to a state of satisfaction after a service or product has failed to live up to expectations.






4. A practice that emphasizes the virtual elimination of business errors that strives to achieve 3.4 defects - deficiencies - or errors per one million opportunities.






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






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






7. The time from when the seller receives an order until an appropriate location is authorized to fill the order.






8. Mixes attributes of public and contract warehousing; services are more differentiated than a public facility but less customized than in a contract facility.






9. An order that simultaneously achieves relevant customer metrics.






10. A product that loses weight during the production process; the processing point as near to its origin as possible.






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






12. The seller pays the freight charges - but the buyer owns the goods in transit.






13. Prohibition of trade between particular countries.






14. Retailers that are characterized by large market share and low prices.






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






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






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






18. A flat sheet of either fiberboard material or plastic that is placed under the unit load.






19. For international transactions - refers to determining when and where to transfer between buyer and seller - the physical goods - the payment for goods - legal title - required documentation as well as responsibility for controlling and caring f






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






21. Product for which there is no demand.






22. 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.






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






24. Aka bulk-making






25. An individual or firm in the business of carrying cargo or passengers.






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






27. Strives to keep customers happy and creates in the customer's mind the perception of an organization that is easy to do business with.






28. Each product is assigned a specific location in a warehouse and is always stored there.






29. 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.






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






31. Software packages that control the movement and storage of materials within a warehousing facility.






32. The buyer pays freight charges and owns the goods in transit. This is the most common FOB origin term.






33. 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.






34. 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.






35. General contractor that ensures that third-party logistics companies are working toward relevant supply chain goals and objectives.






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






37. Packaging tapered articles inside each other to reduce the cubic volume of the entire shipment.






38. Refers to the number of carriers within each mode.






39. The time from when the customer places or sends the order to when the seller receives it.






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






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






42. Unused available space.






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






44. 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.






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






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






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






48. Consolidates freight shipments and buys transportation services in volume rates.






49. 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.






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