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






2. A warehousing facility that is owned or occupied on a long-term lease by the firm using it.






3. Compares actual experience to the expected experience and if the actual experience equals or exceeds the expected experience - then the customer is satisfied.






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






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






6. Facts or recorded measures of certain phenomena.






7. 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.






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






9. Refers to employees who do not follow company guidelines about which suppliers to use in particular situations.






10. Refers to software that has been developed for managers to deal with specifics logistics functions or activities (e.g. transportation management systems)






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






12. 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






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






14. Aka bulk-making






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






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






17. A firm must move operations to another facility to better serve suppliers or customers.






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






19. Refer to the manner by which a seller will be paid by a buyer for an international transaction.






20. One location where customers can purchase products from two or more name-brand retailers.






21. Focuses on an organization's ability to respond to changes in demand with respect to volume and variety.






22. Logistics-related decisions are made separately at the divisional or product group level and often in different geographic regions.






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






24. Established in the late 1980s to recognize U.S. organizations for their achievements in quality and performance.






25. Logistics Information System






26. A long-term arrangement between a shipper and another party to provide logistics services.






27. Terminal-to-terminal movement of freight or passengers.






28. Emphasizes a speed or time component.






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






30. The buying and controlling of transportation services by either a shipper or consignee.






31. A system that simplifies each of the three primary rate factors - product - weight - and distance.






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






33. The distance between the inner sides of two parallel rail tracks.






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






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






36. A U.S. federal agency that regulates workplaces to ensure the safety of workers.






37. Refers to software that users access on a per-use basis instead of software they own or license for installation.






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






39. State laws that specify that a worker does not have to join the union to work permanently at a facility.






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






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






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






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






44. Prohibition of trade between particular countries.






45. 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.






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






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






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






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






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