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Test your basic knowledge |
Logistics Vocab
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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. Product for which there is no demand.
LIS
make-to-stock
weighted center-of-gravity approach
dead inventory (stock)
2. Actual physical movement of goods and people between two points.
transportation
time utility
throughput
GSCF model
3. Artificial intelligence - Sophisticated use of the computer in which it is programmed to 'think' as a trained - skilled human in specific situations.
fixed order interval system
speculative stock
AI
dunnage
4. The management of the various activities associated with the order cycle.
decentralized logistics organization
Operational (planning time horizon)
inventory tax
order management
5. The term associated with the handling of unit loads.
unitization
facility location
ABC analysis
quality
6. Cartels of all ocean vessel operators operating between certain trade areas.
sorting
shipping conferences
flexibility
barge
7. 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
allocating
systems analysis
productivity
terms of sale
8. Analogous to personal property taxes paid by individuals - and inventory tax is based on the value of inventory that is held by an organization on the assessment date.
assorting
shippers' associations
inventory tax
embargoes
9. 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.
regrouping function
empowerment zone
accessorial service
weighted center-of-gravity approach
10. Assumes that one or more factors are related to demand - and the relationship between cause and effect can be used to estimate future demand.
C-TPAT (Customs Trade Partnership Against Terrorism)
Strategic (planning time horizon)
centralized logistics organization
cause and effect forecasting
11. Refers to communication without cables and cords - and includes infrared - microwave - and radio transmissions.
weight-gaining product characteristics
ISO 9000
wireless communication
DSS (Decision support system)
12. An inventory system that responds to forecasted (rather than actual) customer demand.
channel intermediaries
push inventory system
complementary products
customer service
13. Analyzing the impacts of small changes - such as adding or subtracting one unit of input.
marginal analysis
hazardous materials
inventory turnover
demand management
14. These are material that have been spoiled - broken - or otherwise rendered unfit for further use or reclamation.
sweatshops
agile supply chain
short-interval scheduling
waste materials
15. Goods moving between two points - often accompanied by a live bill of lading.
goods in transit
concealed damage
fragmented logistics structure
DOT (Department of Transportation)
16. 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.
field warehousing
unitization
allocating
transportation management
17. Strategic - Tactical - Operational
maverick spending
The major functions of the different planning time horizons
tom miles
nontariff barriers
18. Medium- to long-term horizon - One- to five-year (plus) time span - Overall 'structural' decisions - Trade-offs between company functions - Trade-offs with other organizations - Corporate financial plans and policies - Policy decisions developed into
kickbacks
order fill rate
inventory flow diagram
Strategic (planning time horizon)
19. Classifying orders according to pre-established guidelines so that a company can prioritize how orders should be filled.
voice-based order picking
order triage
investment recovery
cross-docking
20. Materials that lose no weight in processing.
hazardous materials
pure materials
nodes
demurrage
21. A strategic orientation in which a limited number of traditional logistics activities are managed across business units.
market strategy
TOFC (trailer on flatcar)
LSP (Logistics Service Provider)
associative forecasting
22. Retail industry initiative where trading partners share planning and forecasting data to better match supply and demand.
FOB destination - freight collect
unit load
CPFR (Collaborative planning - forecasting - and replenishment)
routing
23. A cartel consisting of nearly all the world's scheduled international airlines.
International Air Transport Association (IATA)
ISO 9000
FOB destination - freight prepaid
perfect order
24. The depth in the water to which a vessel can be loaded.
expatriate workers
draft
terms of payment
electronic commerce
25. Refers to the fact that more items are recorded entering than leaving warehouse facilities.
EDI (Electronic Data Interchange)
TEU
simulation
inventory shrinkage
26. Groups of customers with similar logistical needs and wants are provided with logistics service appropriate to those needs and wants.
Incoterms 2000
private warehousing
throughput
tailored logistics
27. Having products available when they are needed by customers.
International Air Transport Association (IATA)
part-to-picker system
shrink-wrap
time utility
28. Flatboard boat used to transport heavy products.
CPFR (Collaborative planning - forecasting - and replenishment)
center-of-gravity approach
regrouping function
barge
29. Money paid before an exchange.
simulation
bribes
intermodal transportation
quality-of-life considerations
30. The shipper of goods.
Consignor
information
seamless distribution
FOB origin - freight collect
31. Electronic devices that read bar codes and can be used to keep track inventory - reorder inventory - and analyze inventory patterns.
excess (surplus) materials
bar-code scanners
expatriate workers
TEU
32. Elapsed time between a customer places an order and when the goods are received.
order cycle
VMI (vendor-managed inventory)
excess (surplus) materials
intramodal competition
33. Pricing that includes both the price of the product and the transportation cost of the product to the purchaser's receiving dock.
FOB origin - freight prepaid
control
FOB destination (delivered) pricing
unit load devices
34. Assemble small shipments into a single - larger shipment.
consolidate
load center
voice-based order picking
part-to-picker system
35. Retailers that are characterized by large market share and low prices.
intermodal transportation
power retailer
Maquiladora
cargo preference
36. In international trade - a firm that provides carrier services to shippers but owns no vessels itself.
process strategy
grid system
Nonvessel-operating common carrier (NVOCC)
dunnage
37. Depicts the demand for - and replenishment of - inventory.
building-blocks concept
stowability
inventory flow diagram
CPA (Customer profitability analysis)
38. The seller pays the freight charges in advance but bills the buyer for them. The buyer owns the goods in transit.
control
FOB origin - freight prepaid and charged back
TWIC (Transportation Worker Identification Credential)
sorting
39. Short- to medium-term horizon - Six-month to one-year (plus) time-span - Subsystem decisions are made - - should not impose on other logistics components - Annual budgets provide finance/cost basis - The strategic plan detail is made into an operatio
intermodal transportation
demand management
Tactical (planning time horizon)
information
40. Helps managers make decisions by providing information - models - or analysis tools.
exempt carrier
parcel carriers
order fill rate
DSS (Decision support system)
41. The buyer pays the freight charges when the goods arrive - and the seller owns the goods while they are in transit.
FOB destination - freight collect
GDP
bribes
process strategy
42. 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.
OSHA (Occupational Safety and Health Administration)
shipper's export declaration (SED)
pull inventory system
ERP (Enterprise Resource Planning system)
43. General contractor that ensures that third-party logistics companies are working toward relevant supply chain goals and objectives.
assorting
throughput
LIS
fourth-party logistics (lead logistics provider)
44. 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.
routing
responsiveness
Maquiladora
system constraints
45. Money paid after an exchange.
kickbacks
service recovery
land bridge
sorting
46. Restrictions other than tariffs that are placed on imported products.
CPA (Customer profitability analysis)
order picking and assembly
phantom freight
nontariff barriers
47. Utilizes sophisticated quantitative techniques to find hidden patterns in large volumes of data.
TOFC
data mining
Nonvessel-operating common carrier (NVOCC)
freight absorption
48. Refer to materials that are not likely to ever be used by the organization that purchased it.
obsolete materials
GPS (Global positioning systems)
maverick spending
order processing
49. The documents associated with transportation shipments.
dunnage
weight-gaining product characteristics
documentation
push inventory system
50. Software packages that control the movement and storage of materials within a warehousing facility.
WMS (Warehouse Management Systems)
CPA (Customer profitability analysis)
import quotas
TEU