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Logistics Vocab
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Subject
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business-skills
Instructions:
Answer 50 questions in 15 minutes.
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Match each statement with the correct term.
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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 pick location is brought to the picker (e.g. - carousels).
bulk cargo
systems approach
allocating
part-to-picker system
2. The cost of giving up an alternative opportunity.
transit time
diversion
cross-docking
opportunity costs
3. A program in which public and private organizations work together to prevent terrorism against the United States through imports and transportation.
place utility
C-TPAT (Customs Trade Partnership Against Terrorism)
The major functions of the different planning time horizons
global procurement (sourcing)
4. Aka bulk-making
accumulating
mass logistics
substitute products
weight break
5. Assumes that one or more factors are related to demand - and the relationship between cause and effect can be used to estimate future demand.
barge
C-TPAT (Customs Trade Partnership Against Terrorism)
GSCF model
associative forecasting
6. A warehouse with an emphasis on quick throughput - such as is needed in supporting marketing efforts.
land bridge
regrouping function
judgmental forecasting
distribution center
7. Emphasizes a speed or time component.
fast supply chain
variable slot location
expediting
nodes
8. The use of speech to guide order-picking activities.
weighted center-of-gravity approach
judgmental forecasting
voice-based order picking
in bond
9. An agreement in which the world's ports agree to allow U.S. customs agents to identify and inspect high-risk containers bound for the United States before they are loaded onto ships.
Container Security Initiative (CSI)
CPFR (Collaborative planning - forecasting - and replenishment)
shipping conferences
C-TPAT (Customs Trade Partnership Against Terrorism)
10. Considers a shipment's density (the amount of space occupied relative to weight) to determine a shipment's billable weight.
building-blocks concept
dimensional (dim) weight
complementary products
part-to-picker system
11. 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.
GSCF model
supplier parks
FOB origin pricing
Tactical (planning time horizon)
12. Use satellites that allow companies to compute vehicle positions - velocity - and time.
private carrier
GPS (Global positioning systems)
broker
intermodal transportation
13. Electronic devices that read bar codes and can be used to keep track inventory - reorder inventory - and analyze inventory patterns.
responsiveness
transaction processing system
warehousing
bar-code scanners
14. 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.
transaction processing system
fixed order interval system
allocating
shipper's letter of instruction (SLI)
15. The shipment size that equates transportation charges for different rates and weight groups.
Operational (planning time horizon)
weight break
data
push inventory system
16. 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
pure materials
FOB destination (delivered) pricing
Strategic (planning time horizon)
agile supply chain
17. 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.
fixed slot location
reconsignment
quality-of-life considerations
center-of-gravity approach
18. Having products available where they are needed by customers.
place utility
customer service
process strategy
decentralized logistics organization
19. An inventory system that responds to forecasted (rather than actual) customer demand.
push inventory system
fixed order quantity system
consolidate
stockout
20. Stocks of goods and materials that are maintained for many purposes.
reconsignment
place utility
order management
inventory
21. Classifying orders according to pre-established guidelines so that a company can prioritize how orders should be filled.
short-interval scheduling
weight-gaining product characteristics
GSCF model
order triage
22. Transport products that are ground into a powder - mixed with water - and then shipped in slurry form through a pipeline.
closed-loop systems
shippers' associations
slurry systems
unit load
23. Software packages that control the movement and storage of materials within a warehousing facility.
ABC (Activity-based costing)
WMS (Warehouse Management Systems)
decentralized logistics organization
fourth-party logistics (lead logistics provider)
24. Costs to seller when it is unable to supply an item to a customer ready to buy.
facility relocation
p-cards (procurement cards)
cross-docking
stockout cost
25. 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.
systems approach
international logistics
in bond
warehousing
26. A system that simplifies each of the three primary rate factors - product - weight - and distance.
weight-gaining product characteristics
transaction processing system
class rate system
suboptimization
27. A product that loses weight during the production process; the processing point as near to its origin as possible.
weight-losing product characteristics
parcel
DSS (Decision support system)
supplier parks
28. The depth in the water to which a vessel can be loaded.
customer satisfaction
tom miles
draft
intermodal transportation
29. These are materials that are no longer serviceable - have been discarded - or are a by-product of the production process.
weighted center-of-gravity approach
scrap materials
physical distribution
stowability
30. Multiple logistics activities are combined into - and managed as - a single department.
data mining
GIS (Graphical Information Systems)
unified logistics structure
FOB origin - freight collect
31. Strategic - Tactical - Operational
The major functions of the different planning time horizons
Consignee
FOB origin - freight prepaid and charged back
nesting
32. U.S. federal government body with primary responsibility for transportation safety regulation.
DOT (Department of Transportation)
certificate of origin
place utility
tariffs
33. Money paid before an exchange.
on-demand software
bribes
speculative stock
facility location
34. Movement and storage of raw materials - parts - and components within a firm.
disintermediation
materials management
bonded storage
inventory shrinkage
35. Refers to a combination of water transportation and surface transportation between an origin and destination port.
land bridge
fixed order interval system
suboptimization
cross-docking
36. A U.S. government agency with primary responsibility for regulating railroad pricing and service.
inventory turnover
market strategy
channel intermediaries
STB (Surface Transportation Board)
37. Are similar to credit cards for personal use - only p-cards are used for organizational purchases.
p-cards (procurement cards)
The major functions of the different planning time horizons
ERP (Enterprise Resource Planning system)
on-demand software
38. 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.
FOB origin - freight prepaid
sweatshops
containers
JIT (Just-in-time) approach
39. Characterized by variability in demand orders among supply chain participants.
goods in transit
information
ROP (reorder point)
bullwhip effect
40. 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.
goods in transit
variable slot location
documentation
ERP (Enterprise Resource Planning system)
41. Pricing that includes both the price of the product and the transportation cost of the product to the purchaser's receiving dock.
order triage
FOB destination (delivered) pricing
disintermediation
phantom freight
42. Refers to the fact that more items are recorded entering than leaving warehouse facilities.
inventory shrinkage
part-to-picker system
GIS (Graphical Information Systems)
cost trade-offs
43. An order picker goes to where the product is located (e.g. - a forklift).
private carrier
picker-to-part system
CPA (Customer profitability analysis)
demurrage
44. The buyer pays freight charges and owns the goods in transit. This is the most common FOB origin term.
FOB origin - freight collect
routing guide
shrink-wrap
waste materials
45. Cooperative - formal or informal supply chain relationships between manufacturing companies and their suppliers - business partners - or customers - developed to enhance the overall business performance of both sides.
allocating
supply chain collaboration
fragmented logistics structure
stockout
46. The buying and controlling of transportation services by either a shipper or consignee.
weight break
cause and effect forecasting
demurrage
transportation management
47. Situation where a process - procedure - or system yields less than the best possible outcome or output - caused by a lack of best possible coordination between different components - elements - parts - etc.
TOFC (trailer on flatcar)
suboptimization
excess (surplus) materials
International Air Transport Association (IATA)
48. Employee theft.
pull inventory system
international freight forwarders
terms of sale
pilferage
49. A company discontinues operations at a current site because the operations are no longer needed or can be absorbed by other facilities.
multiclient warehousing
order fill rate
CPFR (Collaborative planning - forecasting - and replenishment)
facility closing
50. Looks at a single aspect of logistics - such as a time-and-motion study of individuals who handle incoming freight at a receiving dock.
excess (surplus) materials
data mining
facility location
partial systems analysis
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