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






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






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






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






5. Utilizes sophisticated quantitative techniques to find hidden patterns in large volumes of data.






6. Refers to forecasting that involves judgment or intuition and is preferred in situations where there is limited - or no - historical data.






7. A system in which products are stored wherever there is empty space available in a warehouse.






8. Transportation service that is supplemental to line-haul transportation.






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






10. Inventory that is held in addition to cycle stock to guard against uncertainties in supply and/or lead time.






11. Occurs when the shipper notifies the carrier - prior to the shipment's arrival in the destination city - of a change in destination.






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






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






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






15. Bill of Lading






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






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






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






19. A relational exchange approach involving a limited number of suppliers.






20. Truck trailers of flatcars.






21. Seeks to minimize inventory by reducing (if not eliminating) safety stock - as well as having the required amount of materials arrive at the production location at the exact time they are needed.






22. Classifying orders according to pre-established guidelines so that a company can prioritize how orders should be filled.






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






24. The documents associated with transportation shipments.






25. Similar to common carriers in that public warehousing serves all legitimate users and has certain responsibilities to this users.






26. 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.






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






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






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






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






31. In transportation - a small quantity or small package.






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






33. Price of the product at seller's place of business. Buyer must arrange for transportation of the product from the seller's place of business.






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






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






36. Measurement that ensures conformity with an organization's policies - procedures - or standards.






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






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






39. Terms of sale for international transactions that represent - from the seller's viewpoint - the different locations - or stages - for quoting a price to an overseas buyer.






40. An international payment option that is issued by a bank and guarantees payment to a seller provided that the seller has complied with the applicable terms and conditions of the particular transaction.






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






42. Refers to how easy a commodity is to pack into a load.






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






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






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






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






47. The use of radio frequency to identify objects that have been implanted with an RFID tag.






48. Unused available space.






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


50. The cost of giving up an alternative opportunity.