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. A carrier's attempt to determine a shipment's location during the course of its move.






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






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






4. The cost of giving up an alternative opportunity.






5. Measurement that ensures conformity with an organization's policies - procedures - or standards.






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






7. Refers to ships that register in nations that have lax maritime registration rules - particularly with respect to safety requirements.






8. Nonprofit membership cooperatives that perform basically the same function as freight forwarders.

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






10. The pick location is brought to the picker (e.g. - carousels).






11. Building up a variety of different products for resale to a particular customer.






12. The shipper of goods.






13. Stock that exceeds the reasonable requirements of an organization.






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






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






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






17. Looks at a single aspect of logistics - such as a time-and-motion study of individuals who handle incoming freight at a receiving dock.






18. Created by the U.S. Department of Housing and Urban Development to encourage business development-through various tax credits-in economically depressed portions of cities.






19. A warehousing facility that is owned or occupied on a long-term lease by the firm using it.






20. Costs to seller when it is unable to supply an item to a customer ready to buy.






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






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






23. Strives to keep customers happy and creates in the customer's mind the perception of an organization that is easy to do business with.






24. Refers to communication without cables and cords - and includes infrared - microwave - and radio transmissions.






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






26. Inventory is replenished with a set quantity every time it is ordered; the time interval between orders may vary.






27. 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.






28. Materials used for the containment - protection - handling - delivery - and presentation of goods.






29. 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.






30. In international trade - a firm that provides carrier services to shippers but owns no vessels itself.






31. The elapsed time from when an order is picked up by a transportation carrier until it is received by the customer.






32. Specifies the country(ies) in which a product is manufactured.






33. A facility temporarily established at the site of inventory; the warehouser assumes custody of the inventory and issues a receipt for it - which can then be used as collateral for a loan.






34. Positive - long-term relationships between supply chain participants.






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






36. A long-term arrangement between a shipper and another party to provide logistics services.






37. Transport products that are ground into a powder - mixed with water - and then shipped in slurry form through a pipeline.






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






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






40. Fixed facilities - such as a plant - warehouse - or store - in a logistics system.






41. Provides guidance in terms of a preferred list of carriers for shipments moving between two points.






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






43. Looks at the entire logistics systems to see how well all of its components function together.






44. A set of generic standards used to document - implement - and demonstrate quality management and assurance systems.






45. The shipment size that equates transportation charges for different rates and weight groups.






46. Gross domestic product






47. Truck trailers of flatcars.






48. All activities associated with the flow and transformation of goods from the raw material stage - through to the end user - as well as the associated information flows.






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






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