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. Specifies the country(ies) in which a product is manufactured.






2. Costs to seller when it is unable to supply an item to a customer ready to buy.






3. A facility temporarily established at the site of inventory; the warehouser assumes custody of the inventory and issues a receipt for it - which can then be used as collateral for a loan.






4. 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.






5. Products are produced prior to receiving a customer order.






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






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






8. Identifies opportunities to recover revenues or reduce costs associated with scrap - surplus - obsolete - and waste materials.






9. Aka bulk-making






10. The removal of levels (layers) from a channel of distribution.






11. Products that customers view as being able to fill the same need or want as another product.






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






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






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






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






16. Separating products into grades and qualities desired by different target markets.






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






18. Organizations that exploit workers and that do not comply with fiscal and legal obligations toward employees.






19. Cartels of all ocean vessel operators operating between certain trade areas.






20. Companies that specialize in transporting parcels or small packages.






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






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






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

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24. Raw materials - component parts - and supplies brought from outside organizations to support a company's operations.






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






26. An area - usually near a port or an airport - where goods can be stored or processed before entering through the importing nation's customs inspections.






27. Refers to choosing the locations for distribution centers - warehouses - and production facilities to facilitate logistical effectiveness and efficiency.






28. Strategic - Tactical - Operational






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






30. Electronic devices that read bar codes and can be used to keep track inventory - reorder inventory - and analyze inventory patterns.






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






32. An analysis of workers' productivity over short periods of time. Each worker is assigned specific duties that he or she should be able to complete during the time period provided.






33. Pricing that includes both the price of the product and the transportation cost of the product to the purchaser's receiving dock.






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






35. The elapsed time from when an order is picked up by a transportation carrier until it is received by the customer.






36. 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.






37. The time from when a transportation carrier picks up the shipment until it is received by the customer.






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






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






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






41. Firm the helps a domestic company become involved in foreign sales. They often locate foreign firms that can be licensed to manufacture the product in the foreign country.






42. Refers to communication without cables and cords - and includes infrared - microwave - and radio transmissions.






43. Inventory that is held for several reasons such as seasonal demand - projected price increases - and potential product shortages.






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






45. Locations that contain chemicals or other types of industrial wastes.






46. 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






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






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






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






50. Provide effective ways to process personal and organizational business data - to perform calculations - and to create documents.