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 inventory system that responds to forecasted (rather than actual) customer demand.






2. Bringing together inventory from different sources.






3. Employees who are sent to other countries for extended periods of time.






4. Storage of finished product and movement to the customers.






5. 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.






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






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






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






9. A document used in cross-border trade that summarizes the entire transaction and contains key information such as a description of the goods - terms of sale and payments - and so on.






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






11. The science that seeks to adapt work or working conditions to suit the abilities of the worker.






12. Restrictions other than tariffs that are placed on imported products.






13. Manufacturing plants that exist just south of the U.S.-Mexican border.






14. A type of contract logistics that focuses on providing unique and specially tailored warehousing services to particular clients.






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






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






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






18. The use of speech to guide order-picking activities.






19. 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.






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






21. Materials used for the containment - protection - handling - delivery - and presentation of goods.






22. An international logistics specialist that custom packs shipments when the exporter lacks the equipment or expertise to do so itself.






23. A document that notifies a transportation carrier of wrong or defective deliveries - delay - or other delivery shortcoming.






24. An order size that minimizes the sum of carrying and ordering costs.






25. Refers to a combination of water transportation and surface transportation between an origin and destination port.






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






27. A carrier or public facility where freight (or passengers) is shifted between vehicles or modes.






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






29. Medium- to long-term horizon - One- to five-year (plus) time span - Overall 'structural' decisions - Trade-offs between company functions - Trade-offs with other organizations - Corporate financial plans and policies - Policy decisions developed into






30. The delay of value-added activities such as assembly - production - and packaging to the latest possible time.






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






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






33. An alternative name for airfreight containers.






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






35. Plastic wrapping that when heated shrinks in size to form a cover over the product.






36. Refers to the amount of product entering and leaving a facility in a given time period.






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






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






39. Truck trailers on flatcars - also referred to as TOFC.






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






41. Goods moving between two points - often accompanied by a live bill of lading.






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






43. Changes to one logistics activity cause some costs to increase and others to decrease.






44. Computer-to-computer transmission of business data in a structured format.






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






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






47. Creating - maintaining - and enhancing strong relationships with customers and other stakeholders.






48. Occurs in delivered pricing when a buyer pays an excessive freight charge calculated into the price of the goods.






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






50. 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.