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






2. Twenty-foot equivalent unit; a measure of the number of 20-foot containers that are used or handled.






3. Consolidates freight shipments and buys transportation services in volume rates.






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






5. A strategic orientation in which traditional logistics activities are managed as a value-added system.






6. Requires a certain percentage of traffic to move on a nation's flag vessels.






7. 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.






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






9. Terminal-to-terminal movement of freight or passengers.






10. A payment from a shipper or consignee to a truck carrier for having kept the carrier's equipment too long.






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






12. Computer-to-computer transmission of business data in a structured format.






13. Emphasizes a speed or time component.






14. According to the Council of Supply Chain Management Professionals - SCM encompasses the planning and management of all activities involved in sourcing and procurement - conversion - and all logistics management activities. Importantly - it also i






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






16. 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.






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






18. The depth in the water to which a vessel can be loaded.






19. A technique used to model the systems under study - typically using mathematical equations to represent relationships among components of a logistics system.






20. The cost of giving up an alternative opportunity.






21. The degree to which an organization can accommodate unique or unplanned customer requests.






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






23. Unused available space.






24. Considers a shipment's density (the amount of space occupied relative to weight) to determine a shipment's billable weight.






25. Provide effective ways to process personal and organizational business data - to perform calculations - and to create documents.






26. Refers to security throughout the entire supply chain.






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






28. Factors in the system that cannot be changed for various reasons.






29. Creating - maintaining - and enhancing strong relationships with customers and other stakeholders.






30. 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






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






32. Bringing together inventory from different sources.






33. A product that gains weight in processing; the processing point should be close to the market.






34. Goods that flow from the consumer to the manufacturer (e.g. - product recalls and product recycling).






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






36. Pricing that includes both the price of the product and the transportation cost of the product to the purchaser's receiving dock.






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






38. Price of the product at seller's place of business. Buyer must arrange for transportation of the product from the seller's place of business.






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






40. Depicts the demand for - and replenishment of - inventory.






41. Refers to a combination of water transportation and surface transportation between an origin and destination port.






42. 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.






43. Day-to-day decision making - Operations controlled against standards and rules - Control via weekly/monthly reports - The implementation of the operational plan






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






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 alphanumeric identification that specifies where a product was processed or manufactured.






47. According to the Council of Supply Chain Management Professionals (CSCMP) - that part of supply chain management that plans - implements - and controls the efficient - effective forward and reverse flow and storage of goods - services - and rel






48. A return trip or movement in a direction of secondary importance or purpose.






49. aka bulk-breaking






50. A major port where thousands of containers arrive and depart per week. These ports specialize in the efficient handling of containers.






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