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. A strategic orientation where a diverse group of logistics activities - together with other activities - are managed as a channel system.






2. A product that gains weight in processing; the processing point should be close to the market.






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






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






5. Refers to the value or usefulness of a product in fulfilling customer needs and wants.






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






7. A group of forecasting techniques that is based on the idea that future demand is solely dependent on past demand.






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






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






10. Cargo reaches a vehicle's or a container's weight capacity without filling its cubic capacity.






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






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






13. Contains relevant export transaction data such as the transportation mode(s) - transaction participants - and description of what is being exported.

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


14. Refers to an alliance in the container trades in which ocean carriers retain their individual identities but cooperate in the area of operations.






15. Multiple logistics activities are combined into - and managed as - a single department.






16. aka bulk-breaking






17. Material that is used to block and brace products inside carrier equipment to prevent the shipment from shifting in transit and becoming damaged.






18. Having products available where they are needed by customers.






19. The seller pays the freight charges and also owns the goods in transit. The is what is generally referred to as FOB destination pricing.






20. Inventories that are used or distributed together (e.g. razor blades and razors).






21. Inventory needed to satisfy demand during an order cycle.






22. 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






23. A substance or material in a quantity and form that may pose an unreasonable risk to health and safety or property when transported in commerce.






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






25. A company discontinues operations at a current site because the operations are no longer needed or can be absorbed by other facilities.






26. The seller pays the freight charges in advance but bills the buyer for them. The buyer owns the goods in transit.






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






28. These are material that have been spoiled - broken - or otherwise rendered unfit for further use or reclamation.






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






30. Building up a variety of different products for resale to a particular customer.






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






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






33. Having products available when they are needed by customers.






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






35. Breaking larger quantities into smaller quantities.






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






37. Fixed facilities - such as a plant - warehouse - or store - in a logistics system.






38. The orderly and planned observation of one or more segments in the logistics network or supply chain.






39. The short-distance movement of material between two or more points.






40. A measure of how heavy a product is in relation to its size.






41. Occurs when a cargo takes up a vehicle's or a container's cubic capacity before reaching its weight capacity.






42. Refers to logistical activities associated with goods that move across national boundaries.






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






44. A company that helps both shipper and carrier achieve lower freight rates and more efficient utilization of carrier equipment. Brokers also help match carriers to loads.






45. Assemble small shipments into a single - larger shipment.






46. A degree of aggressive procurement involvement not normally encountered in supplier selection.






47. 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.






48. System that attempts enterprisewide coordination of relevant business processes by allowing (conceptually - at least) all functional areas within a firm to access and analyze a common database.






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






50. Are similar to credit cards for personal use - only p-cards are used for organizational purchases.