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






2. A system in which the size and timing of replenishment orders into a retailer's system are the manufacturer's responsibility.






3. The documents associated with transportation shipments.






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






5. 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.






6. A substance or material in a quantity and form that may pose an unreasonable risk to health and safety or property when transported in commerce.






7. The need to rapidly move a shipment to its final destination.






8. Truck trailers of flatcars.






9. These help various stake-holders to work together by interacting and sharing information in many different forms.






10. 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.






11. Plastic wrapping that when heated shrinks in size to form a cover over the product.






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






13. Gross domestic product






14. Refers to how easy a commodity is to pack into a load.






15. Boxes or other containers secured to a pallet or slip sheet.






16. Stocks of goods and materials that are maintained for many purposes.






17. A program in which public and private organizations work together to prevent terrorism against the United States through imports and transportation.






18. Similar to the center-of-gravity locational approach - except that shipping volumes are also taken into account.






19. Using a container that can be transferred from the vehicle of one mode to a vehicle of another - and with the movement covered under a single bill of lading.






20. An alternative name for airfreight containers.






21. Using measures of another organization's performance to judge one's own performance.






22. Refers to the value or usefulness of a product in fulfilling customer needs and wants.






23. 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.






24. Damage that is not initially apparent but is discovered after a package is opened.






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






26. An order picker goes to where the product is located (e.g. - a forklift).






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






28. 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.






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






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






31. The removal of levels (layers) from a channel of distribution.






32. Products are produced after receiving a customer order.






33. The shipper of goods.






34. The seller pays the freight charges and also owns the goods in transit. The is what is generally referred to as FOB destination pricing.






35. Unused available space.






36. 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.






37. Each separate type of item that is accounted for in an inventory.






38. A buyer invites bids from multiple sellers - and the seller with the lowest bid is often awarded the business.






39. Refers to a product's being in a form that (1) can be used by the customer and (2) is of value to the customer.






40. Utilizes sophisticated quantitative techniques to find hidden patterns in large volumes of data.






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






42. Logistics activities are managed in multiple departments throughout an organizations.






43. Facts or recorded measures of certain phenomena.






44. Uses the internet to make it easier - faster - and less expensive for an organization to purchase goods and services.






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






46. Materials that lose no weight in processing.






47. Refers to the number of carriers within each mode.






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






49. Emphasizes a speed or time component.






50. A charge assessed by rail carriers to users that fail to unload and return vehicles or containers promptly.