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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. The need to rapidly move a shipment to its final destination.






2. Refers to removing impediments to the flow of information and goods.






3. 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.






4. Refers to a situation in which a hazard or defect is discovered in a manufactured or processed item - and its return is mandated by a government agency.






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






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






7. 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.






8. An order picker goes to where the product is located (e.g. - a forklift).






9. Similar to the center-of-gravity locational approach - except that shipping volumes are also taken into account.






10. Computer-to-computer transmission of business data in a structured format.






11. Occurs in delivered pricing when a buyer pays an excessive freight charge calculated into the price of the goods.






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






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






14. Manufacturing plants that exist just south of the U.S.-Mexican border.






15. Stock that exceeds the reasonable requirements of an organization.






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






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






18. All activities associated with the flow and transformation of goods from the raw material stage - through to the end user - as well as the associated information flows.






19. Nonprofit membership cooperatives that perform basically the same function as freight forwarders.

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






21. Twenty-foot equivalent unit; a measure of the number of 20-foot containers that are used or handled.






22. Truck trailers of flatcars.






23. A return trip or movement in a direction of secondary importance or purpose.






24. Refers to ships that register in nations that have lax maritime registration rules - particularly with respect to safety requirements.






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






26. In international trade - a firm that provides carrier services to shippers but owns no vessels itself.






27. 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.






28. 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.






29. Analyzing the impacts of small changes - such as adding or subtracting one unit of input.






30. The shipper of goods.






31. An approach for locating a single facility that minimizes the distance to existing facilities.






32. Bill of Lading






33. Products are produced after receiving a customer order.






34. The buyer pays freight charges and owns the goods in transit. This is the most common FOB origin term.






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






36. Refer to materials that are not likely to ever be used by the organization that purchased it.






37. A location technique utilizing a map or grid - with specific locations marked on the north-south and east-west axes. Its purpose is to find a location that minimizes transportation costs.






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






39. Looks at the entire logistics systems to see how well all of its components function together.






40. Buyer pays a lower freight charge than the shipper incurs in shipping the product.






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






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






43. Refers to the value or usefulness that comes from a customer being able to take possession of a product.






44. A process where product is received in a facility - occasionally married with product going to the same destination - then shipped at the earliest opportunity - without going into long-term storage.






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






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






47. Emphasize the storage of products and their primary purpose is to maximize usage of available storage space.






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






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






50. Materials that lose no weight in processing.







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