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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 organization maintains a single logistics department that administers the related activities for the entire company from the home office.






2. 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






3. The shipment size that equates transportation charges for different rates and weight groups.






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






5. An order that simultaneously achieves relevant customer metrics.






6. Refers to security throughout the entire supply chain.






7. The process of determining how a shipment will be moved between consignor and consignee or between place of acceptance by the carrier and place of delivery to the consignee.






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






9. Characterized by variability in demand orders among supply chain participants.






10. Includes all activities from when an appropriate location is authorized to fill an order until goods are loaded aboard an outbound carrier.






11. The degree to which an organization can accommodate unique or unplanned customer requests.






12. Using a container that can be transferred from the vehicle of one mode to a vehicle of another - and with the movement covered under a single bill of lading.






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






14. 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.






15. Often accompanies an SED and provides explicit shipment instructions.

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16. 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.






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






18. Boxes or other containers secured to a pallet or slip sheet.






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






20. The orders to be picked are identified by lights placed on shelves or racks.






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






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






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






24. A company's objectives can be realized by recognizing the mutual interdependence of the major functional areas of the firm - such as marketing - production - finance - and logistics.






25. 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.






26. Refers to corporate officers such as a chief executive officer (CEO) - chief operating officer (COO) - or chief financial officer (CFO).

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27. The documents associated with transportation shipments.






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






29. Refers to the fact that more items are recorded entering than leaving warehouse facilities.






30. The most important single transportation document that is the operating document in the industry.






31. Uses the internet to make it easier - faster - and less expensive for an organization to purchase goods and services.






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






33. Aka bulk-making






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






35. 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.






36. According to the Council of Supply Chain Management Professionals - SCM encompasses the planning and management of all activities involved in sourcing and procurement - conversion - and all logistics management activities. Importantly - it also i






37. 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.






38. Assumes that one or more factors are related to demand - and the relationship between cause and effect can be used to estimate future demand.






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






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






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






42. Companies that specialize in providing various types of logistics services.






43. Depicts the demand for - and replenishment of - inventory.






44. Collects and stores information about transactions and may also control some aspects of transactions.






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






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






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






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






49. Considers a shipment's density (the amount of space occupied relative to weight) to determine a shipment's billable weight.






50. Products are produced after receiving a customer order.