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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. Key suppliers locate on - or adjacent to - automobile plants - which helps reduce shipping costs and inventory carrying costs.






2. 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.






3. Product for which there is no demand.






4. 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.






5. According to the Council of Supply Chain Management Professionals (CSCMP) - that part of supply chain management that plans - implements - and controls the efficient - effective forward and reverse flow and storage of goods - services - and rel






6. The amount of output divided by the amount of input.






7. Refers to employees who do not follow company guidelines about which suppliers to use in particular situations.






8. An inventory system that responds to actual (rather than forecasted) customer demand.






9. Breaking larger quantities into smaller quantities.






10. State laws that specify that a worker does not have to join the union to work permanently at a facility.






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






12. An international trade specialist that can handle either vessel shipments or air shipments and that offers a number of different functions such as booking space on carriers - obtaining consular documents - and arranging for insurance - among other






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






14. 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.






15. A long-term arrangement between a shipper and another party to provide logistics services that is characterized by relational focus - a focus on mutual benefits - and the availability of customized offerings.






16. Global Supply Chain Forum






17. 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.






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






19. A program in which public and private organizations work together to prevent terrorism against the United States through imports and transportation.






20. That part of a firm's logistics system that stores products at and between points of origin and point of consumption.






21. Occurs when a cargo takes up a vehicle's or a container's cubic capacity before reaching its weight capacity.






22. The percentage of orders that can be completely and immediately filled from existing stock.






23. The use of speech to guide order-picking activities.






24. 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.






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

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26. One location where customers can purchase products from two or more name-brand retailers.






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






28. A strategic orientation where a diverse group of logistics activities - together with other activities - are managed as a channel system.






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






30. Contains relevant export transaction data such as the transportation mode(s) - transaction participants - and description of what is being exported.

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






32. The time span within which a scheduled delivery must be made.






33. The number of tons times the number of miles.






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






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






37. Artificial intelligence - Sophisticated use of the computer in which it is programmed to 'think' as a trained - skilled human in specific situations.






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






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






40. 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.






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






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






43. Looks at a single aspect of logistics - such as a time-and-motion study of individuals who handle incoming freight at a receiving dock.






44. Refers to systems that consider the return flow of products - their reuse - and the marketing and distribution of recovered products.






45. The delay of value-added activities such as assembly - production - and packaging to the latest possible time.






46. A framework that identifies five key processes - plan - source - make - deliver - return - associated with supply chain management.






47. Assemble small shipments into a single - larger shipment.






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






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






50. The pick location is brought to the picker (e.g. - carousels).







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