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. Factors in the system that cannot be changed for various reasons.






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






3. A strategic orientation in which traditional logistics activities are managed as a value-added system.






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






5. The orderly and planned observation of one or more segments in the logistics network or supply chain.






6. Uses the internet to make it easier - faster - and less expensive for an organization to purchase goods and services.






7. Truck trailers of flatcars.






8. An international logistics specialist that custom packs shipments when the exporter lacks the equipment or expertise to do so itself.






9. 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.






10. The cost of giving up an alternative opportunity.






11. The process of determining how a shipment will be moved between consignor and consignee or between place of acceptance by the carrier and place of delivery to the consignee.






12. U.S. federal government body with primary responsibility for transportation safety regulation.






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






14. Refers to logistical activities associated with goods that move across national boundaries.






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






16. Bringing together inventory from different sources.






17. Cargo reaches a vehicle's or a container's weight capacity without filling its cubic capacity.






18. Concept that recognizes that because inventories are not of equal value to a firm - they should not be managed in the same way.






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






20. General contractor that ensures that third-party logistics companies are working toward relevant supply chain goals and objectives.






21. Pricing that includes both the price of the product and the transportation cost of the product to the purchaser's receiving dock.






22. A framework that identifies eight relevant processes - such as customer relationship management - demand management - and order fulfillment - associated with supply chain management.






23. 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.






24. Refers to a combination of water transportation and surface transportation between an origin and destination port.






25. 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.






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






27. Generates and uses few or no paper documents and relies on technology to accomplish the relevant tasks.






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






29. 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.






30. Facts or recorded measures of certain phenomena.






31. A practice that emphasizes the virtual elimination of business errors that strives to achieve 3.4 defects - deficiencies - or errors per one million opportunities.






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






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






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






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






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






37. Refers to communication without cables and cords - and includes infrared - microwave - and radio transmissions.






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






39. An organization's ability to address unexpected operational situations.






40. Numbers assigned to various types of freight - based mainly on the carrier's costs of handling that type of product - and - along with weight and distance - used as a basis for determining the costs of shipment.






41. Retail industry initiative where trading partners share planning and forecasting data to better match supply and demand.






42. The buyer pays the freight charges when the goods arrive - and the seller owns the goods while they are in transit.






43. Breaking larger quantities into smaller quantities.






44. A transportation manager who purchases a prespecified level of transportation service and is indifferent to the mode(s) or carrier(s) used to provide the actual transportation service.






45. The time from when the customer places or sends the order to when the seller receives it.






46. Inventories that are used or distributed together (e.g. razor blades and razors).






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






48. The documents associated with transportation shipments.






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






50. A strategic orientation in which a limited number of traditional logistics activities are managed across business units.