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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. 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.






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






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






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






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






6. An inventory system that responds to forecasted (rather than actual) customer demand.






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






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






9. Cargo reaches a vehicle's or a container's weight capacity without filling its cubic capacity.






10. An individual or firm in the business of carrying cargo or passengers.






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






12. A strategic orientation in which a limited number of traditional logistics activities are managed across business units.






13. A framework that identifies five key processes - plan - source - make - deliver - return - associated with supply chain management.






14. These are material that have been spoiled - broken - or otherwise rendered unfit for further use or reclamation.






15. 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






16. A uniform sealed reusable metal 'box' in which goods are shipped.






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






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






19. Refers to choosing the locations for distribution centers - warehouses - and production facilities to facilitate logistical effectiveness and efficiency.






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






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






22. The percentage of orders that can be completely and immediately filled from existing stock.






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






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






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






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






27. Economic activity that can be conducted via electronic connections such as EDI and the internet.






28. Truck trailers on flatcars - also referred to as TOFC.






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






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






31. Each product is assigned a specific location in a warehouse and is always stored there.






32. Product for which there is no demand.






33. Numbers assigned to various types of freight - based mainly on the carrier's costs of handling that type of product - and - along with weight and distance - used as a basis for determining the costs of shipment.






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






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






36. aka bulk-breaking






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






38. Retailers that are characterized by large market share and low prices.






39. These are materials that are no longer serviceable - have been discarded - or are a by-product of the production process.






40. Truck trailers of flatcars.






41. An organization's ability to address unexpected operational situations.






42. The creation across the supply chain and its markets of coordinated flow of demand. The three basic types of forecasting models are: 1-judgmental - 2-time series - 3-cause and effect.






43. Characterized by variability in demand orders among supply chain participants.






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.






45. Concept that suggests that all relevant activities in moving and storing products should be considered as a whole (i.e. - their total cost) - not individually.






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






47. Raw materials - component parts - and supplies brought from outside organizations to support a company's operations.






48. Emphasizes a speed or time component.






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






50. Products are produced after receiving a customer order.






Can you answer 50 questions in 15 minutes?



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