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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 warehouse with an emphasis on quick throughput - such as is needed in supporting marketing efforts.






2. An organization maintains a single logistics department that administers the related activities for the entire company from the home office.






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






4. A strategic orientation where a diverse group of logistics activities - together with other activities - are managed as a channel system.






5. Similar to diversion - but it occurs after the shipment has arrived in the destination city.






6. The buyer pays freight charges and owns the goods in transit. This is the most common FOB origin term.






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






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.






9. The use of speech to guide order-picking activities.






10. The movement and storage of materials into a firm.






11. Logistics-related decisions are made separately at the divisional or product group level and often in different geographic regions.






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






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






14. Use satellites that allow companies to compute vehicle positions - velocity - and time.






15. A specific rate for every possible combination of product - weight - and distance.






16. Mixes attributes of public and contract warehousing; services are more differentiated than a public facility but less customized than in a contract facility.






17. A degree of aggressive procurement involvement not normally encountered in supplier selection.






18. Manufacturing plants that exist just south of the U.S.-Mexican border.






19. The management of the various activities associated with the order cycle.






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






21. Breaking larger quantities into smaller quantities.






22. A technique that seeks to better understand the cost of a product by identifying what activities drive particular costs.






23. Restrictions other than tariffs that are placed on imported products.






24. Prohibition of trade between particular countries.






25. 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.






26. Refers to the value or usefulness that comes from a customer being able to take possession of a product.






27. Refers to employees who do not follow company guidelines about which suppliers to use in particular situations.






28. Piggyback traffic - or loading truck trailers onto rail flatcars.






29. The documents associated with transportation shipments.






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






31. Assemble small shipments into a single - larger shipment.






32. A U.S. government agency with primary responsibility for regulating railroad pricing and service.






33. 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.






34. A document that notifies a transportation carrier of wrong or defective deliveries - delay - or other delivery shortcoming.






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






36. An order that simultaneously achieves relevant customer metrics.






37. An alternative name for airfreight containers.






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






39. Refers to removing impediments to the flow of information and goods.






40. Breaking larger quantities into smaller quantities.






41. A firm must move operations to another facility to better serve suppliers or customers.






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






43. Logistics Information System






44. A common credential that will be used to identify workers across all modes of transportation.






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






46. Refers to software that has been developed for managers to deal with specifics logistics functions or activities (e.g. transportation management systems)






47. One location where customers can purchase products from two or more name-brand retailers.






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






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






50. A group of forecasting techniques that is based on the idea that future demand is solely dependent on past demand.







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