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Test your basic knowledge |
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. Retailers that are characterized by large market share and low prices.
SKU (stock-keeping unit)
power retailer
on-demand software
total cost approach
2. Artificial intelligence - Sophisticated use of the computer in which it is programmed to 'think' as a trained - skilled human in specific situations.
accumulating
AI
customer service
parcel
3. Locations that contain chemicals or other types of industrial wastes.
ABC (Activity-based costing)
brownfields
exempt carrier
delivery window
4. The seller pays the freight charges - but the buyer owns the goods in transit.
FOB origin - freight prepaid
private carrier
short sea shipping
control
5. Utilizes sophisticated quantitative techniques to find hidden patterns in large volumes of data.
CPFR (Collaborative planning - forecasting - and replenishment)
judgmental forecasting
data mining
time utility
6. Strategic - Tactical - Operational
OSHA (Occupational Safety and Health Administration)
complementary products
The major functions of the different planning time horizons
tariffs
7. Refers to an alliance in the container trades in which ocean carriers retain their individual identities but cooperate in the area of operations.
ocean carrier alliances
tariffs
order delivery
pallet (skid)
8. aka bulk-breaking
FOB destination - freight collect
substitute products
piggyback transportation
allocating
9. Established in the late 1980s to recognize U.S. organizations for their achievements in quality and performance.
Malcolm Baldrige National Quality Award
intermodal transportation
building-blocks concept
shipping conferences
10. Factors in the system that cannot be changed for various reasons.
commercial invoice
Operational (planning time horizon)
system constraints
process strategy
11. Refers to a combination of water transportation and surface transportation between an origin and destination port.
weight-losing product characteristics
land bridge
flexibility
cargo preference
12. Facts or recorded measures of certain phenomena.
building-blocks concept
total cost approach
closed-loop systems
data
13. 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.
unit load
common carrier
fixed order interval system
supply chain collaboration
14. Often accompanies an SED and provides explicit shipment instructions.
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15. Identifies opportunities to recover revenues or reduce costs associated with scrap - surplus - obsolete - and waste materials.
productivity
bulk-making
excess (surplus) materials
investment recovery
16. Elapsed time between a customer places an order and when the goods are received.
order cycle
intramodal competition
opportunity costs
building-blocks concept
17. For international transactions - refers to determining when and where to transfer between buyer and seller - the physical goods - the payment for goods - legal title - required documentation as well as responsibility for controlling and caring f
systems analysis
pipeline (in-transit) stock
CPA (Customer profitability analysis)
terms of sale
18. The orders to be picked are identified by lights placed on shelves or racks.
inventory shrinkage
pick-to-light technology
slurry systems
data mining
19. Refers to forecasting that involves judgment or intuition and is preferred in situations where there is limited - or no - historical data.
system constraints
AI
judgmental forecasting
transaction processing system
20. In international trade - a firm that provides carrier services to shippers but owns no vessels itself.
partnerships
Nonvessel-operating common carrier (NVOCC)
responsiveness
freight bill
21. A U.S. government agency with primary responsibility for regulating railroad pricing and service.
parcel
third-party logistics (logistics outsourcing)
STB (Surface Transportation Board)
export packers
22. These help various stake-holders to work together by interacting and sharing information in many different forms.
communication system
rail gauge
CPFR (Collaborative planning - forecasting - and replenishment)
fixed order interval system
23. 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.
shipper's letter of instruction (SLI)
facility closing
Incoterms 2000
ergonomics
24. 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.
flags of convenience
International Air Transport Association (IATA)
quality-of-life considerations
pick-to-light technology
25. A long-term arrangement between a shipper and another party to provide logistics services.
private warehousing
reconsignment
contract logistics
total cost approach
26. System that attempts enterprisewide coordination of relevant business processes by allowing (conceptually - at least) all functional areas within a firm to access and analyze a common database.
ERP (Enterprise Resource Planning system)
cube out
embargoes
demand management
27. Allow companies to produce digital maps that can drill down to site-specific qualities such as bridge heights.
GIS (Graphical Information Systems)
reverse auctions
Nonvessel-operating common carrier (NVOCC)
international logistics
28. A product that gains weight in processing; the processing point should be close to the market.
weight-gaining product characteristics
transportation management
AI
bulk-making
29. Occurs in delivered pricing when a buyer pays an excessive freight charge calculated into the price of the goods.
export management company
obsolete materials
aperless warehousing
phantom freight
30. One location where customers can purchase products from two or more name-brand retailers.
economic utility
power retailer
co-branding
Incoterms 2000
31. Organizations that exploit workers and that do not comply with fiscal and legal obligations toward employees.
land bridge
sweatshops
power retailer
shipper's export declaration (SED)
32. The receiver of a shipment.
Consignee
SCOR (Supply-Chain Operations Reference Model)
materials management
transportation management
33. Multiple logistics activities are combined into - and managed as - a single department.
productivity
Strategic (planning time horizon)
unified logistics structure
comprehensive systems analysis
34. A small platform (made of plastic - steel - or wood) on which goods are placed for handling by mechanical means.
pallet (skid)
FOB origin - freight prepaid and charged back
transponders
cube out
35. A document that notifies a transportation carrier of wrong or defective deliveries - delay - or other delivery shortcoming.
unitization
DSS (Decision support system)
Operational (planning time horizon)
freight claims
36. The number of tons times the number of miles.
kickbacks
order delivery
intramodal competition
tom miles
37. 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.
nodes
total cost approach
empowerment zone
supply chain
38. Refers to software that has been developed for managers to deal with specifics logistics functions or activities (e.g. transportation management systems)
Application-specific software
safety (buffer) stock
kickbacks
common carrier
39. Each product is assigned a specific location in a warehouse and is always stored there.
in bond
fixed slot location
information
routing guide
40. A firm must move operations to another facility to better serve suppliers or customers.
shrink-wrap
SCOR (Supply-Chain Operations Reference Model)
facility relocation
excess capacity
41. 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.
aperless warehousing
postponement
field warehousing
pick-to-light technology
42. Logistics Information System
LIS
make-to-stock
intermodal competition
weighted center-of-gravity approach
43. Considers a shipment's density (the amount of space occupied relative to weight) to determine a shipment's billable weight.
goods in transit
commercial invoice
dimensional (dim) weight
marginal analysis
44. In transportation - a small quantity or small package.
broker
parcel
procurement (purchasing)
perfect order
45. Stock that exceeds the reasonable requirements of an organization.
excess (surplus) materials
safety (buffer) stock
AI
voice-based order picking
46. Employees who are sent to other countries for extended periods of time.
dunnage
Nonvessel-operating common carrier (NVOCC)
supply chain
expatriate workers
47. A cartel consisting of nearly all the world's scheduled international airlines.
transit time
International Air Transport Association (IATA)
Six Sigma
freight bill
48. Computer-to-computer transmission of business data in a structured format.
supply chain
EDI (Electronic Data Interchange)
cargo preference
pilferage
49. Seeks to minimize inventory by reducing (if not eliminating) safety stock - as well as having the required amount of materials arrive at the production location at the exact time they are needed.
logistics information system
demurrage
JIT (Just-in-time) approach
C-TPAT (Customs Trade Partnership Against Terrorism)
50. Bill of Lading
BOL
fragmented logistics structure
order delivery
procurement (purchasing)
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