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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. Refers to a combination of water transportation and surface transportation between an origin and destination port.
land bridge
Operational (planning time horizon)
relevancy
quality
2. The need to rapidly move a shipment to its final destination.
draft
data mining
order management
expediting
3. The creation across the supply chain and its markets of coordinated flow of demand. The three basic types of forecasting models are: 1-judgmental - 2-time series - 3-cause and effect.
demand management
terms of payment
letter of credit
export packers
4. Uses the internet to make it easier - faster - and less expensive for an organization to purchase goods and services.
SKU (stock-keeping unit)
system constraints
electronic procurement (e-procurement)
load center
5. Bill of Lading
BOL
terms of sale
closed-loop systems
building-blocks concept
6. An intermediary that oversees the efficient movement of importers' goods (and accompanying paperwork) through customs and other inspection points.
Application-specific software
customs broker
GSCF
agile supply chain
7. Damage that is not initially apparent but is discovered after a package is opened.
concealed damage
FOB destination - freight prepaid
allocating
order cycle
8. Are similar to credit cards for personal use - only p-cards are used for organizational purchases.
postponement
p-cards (procurement cards)
cause and effect forecasting
bonded storage
9. Refers to the number of carriers within each mode.
sorting
intramodal competition
center-of-gravity approach
EOQ (Economic Order Quanitity)
10. A type of contract logistics that focuses on providing unique and specially tailored warehousing services to particular clients.
contract (third-party) warehousing
carrier
cause and effect forecasting
The major functions of the different planning time horizons
11. Refers to the number of transportation modes available to prospective users.
intermodal transportation
stowability
market strategy
intermodal competition
12. Occurs when a cargo takes up a vehicle's or a container's cubic capacity before reaching its weight capacity.
data
service recovery
facility relocation
cube out
13. A process for returning a customer to a state of satisfaction after a service or product has failed to live up to expectations.
closed-loop systems
service recovery
partial systems analysis
ERP (Enterprise Resource Planning system)
14. Similar to common carriers in that public warehousing serves all legitimate users and has certain responsibilities to this users.
letter of credit
public warehousing
suboptimization
opportunity costs
15. Conformance to mutually agreed upon requirements.
inventory carrying (holding) costs
EDI (Electronic Data Interchange)
quality
dimensional (dim) weight
16. Procurement activities that meet the ethical and discretionary responsibilities expected by society.
throughput
fixed order quantity system
cross-docking
socially responsible procurement
17. Collects and stores information about transactions and may also control some aspects of transactions.
electronic commerce
transaction processing system
productivity
inventory tax
18. Movement and storage of raw materials - parts - and components within a firm.
make-to-stock
customer service
speculative stock
materials management
19. 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
terms of payment
JIT (Just-in-time) approach
international freight forwarders
Nonvessel-operating common carrier (NVOCC)
20. 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.
decentralized logistics organization
ISO 9000
contract carrier
export management company
21. Packaging tapered articles inside each other to reduce the cubic volume of the entire shipment.
nesting
shrink-wrap
logistics
delivery window
22. Employees who are sent to other countries for extended periods of time.
expatriate workers
push inventory system
commodity rate
center-of-gravity approach
23. The shipper of goods.
order cycle
DSS (Decision support system)
freight forwarder
Consignor
24. An individual or firm in the business of carrying cargo or passengers.
unit load
cost trade-offs
carrier
electronic procurement (e-procurement)
25. Considers a shipment's density (the amount of space occupied relative to weight) to determine a shipment's billable weight.
dimensional (dim) weight
stockout cost
communication system
STB (Surface Transportation Board)
26. Refers to removing impediments to the flow of information and goods.
cube out
system security
'C-level' position
seamless distribution
27. Terminal-to-terminal movement of freight or passengers.
line-haul
economic utility
The major functions of the different planning time horizons
electronic commerce
28. Occurs when the shipper notifies the carrier - prior to the shipment's arrival in the destination city - of a change in destination.
bonded storage
diversion
order delivery
associative forecasting
29. Factors in the system that cannot be changed for various reasons.
quality-of-life considerations
control
system constraints
pure materials
30. A relational exchange approach involving a limited number of suppliers.
supply management
weight-losing product characteristics
pure materials
responsiveness
31. A small device that responds to radio signals from an outside source.
excess (surplus) materials
unit load
transponders
parcel carriers
32. Groups of customers with similar logistical needs and wants are provided with logistics service appropriate to those needs and wants.
tailored logistics
package testing
carrier
cross-docking
33. A uniform sealed reusable metal 'box' in which goods are shipped.
third-party logistics (logistics outsourcing)
stockout cost
ERP (Enterprise Resource Planning system)
containers
34. Prohibition of trade between particular countries.
batch number
embargoes
maverick spending
intramodal competition
35. Occurs in delivered pricing when a buyer pays an excessive freight charge calculated into the price of the goods.
exempt carrier
closed-loop systems
phantom freight
FOB destination (delivered) pricing
36. The distance between the inner sides of two parallel rail tracks.
detention
rail gauge
pilferage
TOFC
37. Fixed facilities - such as a plant - warehouse - or store - in a logistics system.
broker
SCOR (Supply-Chain Operations Reference Model)
nodes
judgmental forecasting
38. 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
wireless communication
empowerment zone
logistics
scrap materials
39. A company's objectives can be realized by recognizing the mutual interdependence of the major functional areas of the firm - such as marketing - production - finance - and logistics.
systems approach
LSP (Logistics Service Provider)
data
The major functions of the different planning time horizons
40. Price of the product at its source plus transportation costs to its destination.
electronic commerce
landed costs
warehouse
TWIC (Transportation Worker Identification Credential)
41. Strategic - Tactical - Operational
The major functions of the different planning time horizons
ERP (Enterprise Resource Planning system)
FOB origin - freight collect
terminal
42. Created by the U.S. Department of Housing and Urban Development to encourage business development-through various tax credits-in economically depressed portions of cities.
sweatshops
empowerment zone
piggyback transportation
time utility
43. 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.
amodal shipper
barge
routing
documentation
44. Refers to communication without cables and cords - and includes infrared - microwave - and radio transmissions.
disintermediation
wireless communication
reconsignment
form utility
45. Building up a variety of different products for resale to a particular customer.
assorting
amodal shipper
Container Security Initiative (CSI)
partnerships
46. Storage of finished product and movement to the customers.
physical distribution
demand management
safety (buffer) stock
rail gauge
47. A specific rate for every possible combination of product - weight - and distance.
BOL
bullwhip effect
commodity rate
exempt carrier
48. Refers to the amount of product entering and leaving a facility in a given time period.
voice-based order picking
throughput
Malcolm Baldrige National Quality Award
GDP
49. Identifies opportunities to recover revenues or reduce costs associated with scrap - surplus - obsolete - and waste materials.
logistics
ABC analysis
investment recovery
weight-losing product characteristics
50. A body of facts in a format suitable for decision making.
ABC (Activity-based costing)
information
inventory shrinkage
load center
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