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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. Refers to waterborne transportation that utilizes inland and coastal waterways to move shipments from domestic ports to their destination.






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






3. Procurement activities that meet the ethical and discretionary responsibilities expected by society.






4. Refers to software that has been developed for managers to deal with specifics logistics functions or activities (e.g. transportation management systems)






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






6. Bill of Lading






7. These help various stake-holders to work together by interacting and sharing information in many different forms.






8. A process for returning a customer to a state of satisfaction after a service or product has failed to live up to expectations.






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






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






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






12. 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.






13. A major port where thousands of containers arrive and depart per week. These ports specialize in the efficient handling of containers.






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






15. A type of contract logistics that focuses on providing unique and specially tailored warehousing services to particular clients.






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






17. Requires a certain percentage of traffic to move on a nation's flag vessels.






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






19. 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






20. Refer to the manner by which a seller will be paid by a buyer for an international transaction.






21. Employees who are sent to other countries for extended periods of time.






22. An individual or firm in the business of carrying cargo or passengers.






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






24. A document used in cross-border trade that summarizes the entire transaction and contains key information such as a description of the goods - terms of sale and payments - and so on.






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

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






27. Product for which there is no demand.






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






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






30. Day-to-day decision making - Operations controlled against standards and rules - Control via weekly/monthly reports - The implementation of the operational plan






31. Flatboard boat used to transport heavy products.






32. 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.






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






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






35. The movement and storage of materials into a firm.






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






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






38. A set of generic standards used to document - implement - and demonstrate quality management and assurance systems.






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






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






41. A charge assessed by rail carriers to users that fail to unload and return vehicles or containers promptly.






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






43. Are similar to credit cards for personal use - only p-cards are used for organizational purchases.






44. Global Supply Chain Forum






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






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






47. Facilitators that make the channel function better.






48. Unused available space.






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






50. Damage that is not initially apparent but is discovered after a package is opened.