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. A one-size-fits-all approach in which every customer gets the same type and levels of logistics service.






2. Materials requested by a customer that are unavailable for shipment at the same time as the reminder of the order. They are usually shipped when available.






3. A flat sheet of either fiberboard material or plastic that is placed under the unit load.






4. Inventory needed to satisfy demand during an order cycle.






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






6. aka bulk-breaking






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






8. Packaging tapered articles inside each other to reduce the cubic volume of the entire shipment.






9. Absolute limits to the quantity of a product that can be imported into a country during a particular time period.






10. 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.






11. Transportation carrier that has agreed to serve the general public and assumes four legal obligations: service - delivery - reasonable rates - and avoidance of discrimination.






12. The orders to be picked are identified by lights placed on shelves or racks.






13. A company discontinues operations at a current site because the operations are no longer needed or can be absorbed by other facilities.






14. Changes to one logistics activity cause some costs to increase and others to decrease.






15. Taxes that governments place on the importation of certain items.






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

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17. Price of the product at its source plus transportation costs to its destination.






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






19. Refers to a situation in which a hazard or defect is discovered in a manufactured or processed item - and its return is mandated by a government agency.






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






21. Having products available where they are needed by customers.






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






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






24. Cargo on which taxes or duties have yet to be paid. The owner must post a bond or use a bonded carrier or warehouse to guarantee that the materials will not be sold until the taxes or duties are paid.






25. A small platform (made of plastic - steel - or wood) on which goods are placed for handling by mechanical means.






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






27. Gross domestic product






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






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






30. Similar to common carriers in that public warehousing serves all legitimate users and has certain responsibilities to this users.






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






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






33. Refers to ships that register in nations that have lax maritime registration rules - particularly with respect to safety requirements.






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






35. In transportation - a small quantity or small package.






36. Refers to software that users access on a per-use basis instead of software they own or license for installation.






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






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






39. Actual physical movement of goods and people between two points.






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






41. An agreement in which the world's ports agree to allow U.S. customs agents to identify and inspect high-risk containers bound for the United States before they are loaded onto ships.






42. Groups of customers with similar logistical needs and wants are provided with logistics service appropriate to those needs and wants.






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






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






45. A cartel consisting of nearly all the world's scheduled international airlines.






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






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






48. A product that loses weight during the production process; the processing point as near to its origin as possible.






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






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