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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. A company discontinues operations at a current site because the operations are no longer needed or can be absorbed by other facilities.
nontariff barriers
inventory carrying (holding) costs
facility closing
excess capacity
2. Truck trailers on flatcars - also referred to as TOFC.
piggyback transportation
TEU
fragmented logistics structure
contract (third-party) warehousing
3. Products are produced prior to receiving a customer order.
simulation
make-to-stock
phantom freight
procurement (purchasing)
4. A small device that responds to radio signals from an outside source.
transponders
waste materials
SKU (stock-keeping unit)
CPA (Customer profitability analysis)
5. Assumes that one or more factors are related to demand - and the relationship between cause and effect can be used to estimate future demand.
pure materials
expatriate workers
associative forecasting
FOB origin - freight prepaid and charged back
6. Taxes that governments place on the importation of certain items.
logistics information system
intramodal competition
partial systems analysis
tariffs
7. Refers to security throughout the entire supply chain.
STB (Surface Transportation Board)
system security
customs broker
parcel
8. The buyer pays freight charges and owns the goods in transit. This is the most common FOB origin term.
FOB origin - freight collect
commodity rate
parcel carriers
contract (third-party) warehousing
9. Refers to employees who do not follow company guidelines about which suppliers to use in particular situations.
multiclient warehousing
excess (surplus) materials
maverick spending
FOB origin - freight collect
10. A system in which products are stored wherever there is empty space available in a warehouse.
centralized logistics organization
Malcolm Baldrige National Quality Award
quality-of-life considerations
variable slot location
11. A long-term arrangement between a shipper and another party to provide logistics services that is characterized by relational focus - a focus on mutual benefits - and the availability of customized offerings.
freight forwarder
complementary products
routing guide
third-party logistics (logistics outsourcing)
12. Factors in the system that cannot be changed for various reasons.
system constraints
bribes
package testing
variable slot location
13. That part of a firm's logistics system that stores products at and between points of origin and point of consumption.
allocating
unit load
consolidate
warehousing
14. The need to rapidly move a shipment to its final destination.
expediting
OSHA (Occupational Safety and Health Administration)
time series forecasting
on-demand software
15. The pick location is brought to the picker (e.g. - carousels).
transportation management
export management company
part-to-picker system
empowerment zone
16. A technique used to model the systems under study - typically using mathematical equations to represent relationships among components of a logistics system.
phantom freight
simulation
consolidate
order cycle
17. The removal of levels (layers) from a channel of distribution.
disintermediation
GDP
customer service
SCM (Supply Chain Management)
18. Allow companies to produce digital maps that can drill down to site-specific qualities such as bridge heights.
center-of-gravity approach
BOL
accessorial service
GIS (Graphical Information Systems)
19. The orderly and planned observation of one or more segments in the logistics network or supply chain.
weight-gaining product characteristics
time series forecasting
systems analysis
partnerships
20. Refers to the number of transportation modes available to prospective users.
FOB destination (delivered) pricing
system security
opportunity costs
intermodal competition
21. Materials used for the containment - protection - handling - delivery - and presentation of goods.
make-to-order
allocating
packaging
part-to-picker system
22. A warehousing facility that is owned or occupied on a long-term lease by the firm using it.
parcel
private warehousing
inventory shrinkage
partnerships
23. Facts or recorded measures of certain phenomena.
time series forecasting
data
co-branding
supplier parks
24. Each separate type of item that is accounted for in an inventory.
suboptimization
Operational (planning time horizon)
SKU (stock-keeping unit)
possession utility
25. Conformance to mutually agreed upon requirements.
common carrier
productivity
multiclient warehousing
quality
26. Refers to waterborne transportation that utilizes inland and coastal waterways to move shipments from domestic ports to their destination.
brownfields
nodes
short sea shipping
cross-docking
27. Building up a variety of different products for resale to a particular customer.
assorting
barge
unit load devices
partial systems analysis
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.
JIT (Just-in-time) approach
unitization
SCM (Supply Chain Management)
order picking and assembly
29. Refers to how easy a commodity is to pack into a load.
diversion
DSS (Decision support system)
substitute products
stowability
30. The delay of value-added activities such as assembly - production - and packaging to the latest possible time.
terms of payment
postponement
transportation management
batch number
31. Similar to diversion - but it occurs after the shipment has arrived in the destination city.
packaging
transponders
reconsignment
FOB origin - freight collect
32. 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.
Container Security Initiative (CSI)
inventory tax
transponders
complementary products
33. An organization's ability to address unexpected operational situations.
kickbacks
materials management
flexibility
GSCF model
34. One location where customers can purchase products from two or more name-brand retailers.
freight absorption
transit time
order delivery
co-branding
35. Characterized by variability in demand orders among supply chain participants.
allocating
bullwhip effect
terms of sale
LIS
36. Refers to software that users access on a per-use basis instead of software they own or license for installation.
land bridge
Container Security Initiative (CSI)
supplier parks
on-demand software
37. Established in the late 1980s to recognize U.S. organizations for their achievements in quality and performance.
supplier development (reverse marketing)
inventory
Malcolm Baldrige National Quality Award
co-branding
38. The documents associated with transportation shipments.
weight-losing product characteristics
bulk-making
documentation
RFID (radio-frequency identification)
39. A flat sheet of either fiberboard material or plastic that is placed under the unit load.
slip sheet
warehouse
ISO 9000
SKU (stock-keeping unit)
40. The short-distance movement of material between two or more points.
materials handling
hazardous materials
data mining
customer satisfaction
41. A relational exchange approach involving a limited number of suppliers.
inventory shrinkage
goods in transit
aperless warehousing
supply management
42. Inventory needed to satisfy demand during an order cycle.
intermodal competition
cycle (base) stock
transaction processing system
control
43. The number of times an inventory is used or replaced each year.
inventory turnover
product recall
allocating
flexibility
44. Refers to an alliance in the container trades in which ocean carriers retain their individual identities but cooperate in the area of operations.
shipper's letter of instruction (SLI)
FOB destination (delivered) pricing
weight-gaining product characteristics
ocean carrier alliances
45. Economic activity that can be conducted via electronic connections such as EDI and the internet.
socially responsible procurement
ERP (Enterprise Resource Planning system)
line-haul
electronic commerce
46. A long-term arrangement between a shipper and another party to provide logistics services.
electronic procurement (e-procurement)
contract logistics
multiclient warehousing
inventory shrinkage
47. Being out of an item at the same time there is a willing buyer for it.
stockout
weight break
intermodal competition
rail gauge
48. A location technique utilizing a map or grid - with specific locations marked on the north-south and east-west axes. Its purpose is to find a location that minimizes transportation costs.
allocating
stockout cost
TOFC (trailer on flatcar)
grid system
49. Strives to keep customers happy and creates in the customer's mind the perception of an organization that is easy to do business with.
intermodal competition
embargoes
customer service
ocean carrier alliances
50. Analysis that is performed by a trade association - professional organization - or other entity - on a industry wide basis.
TOFC
market strategy
intermodal transportation
industry systems analysis