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






2. In transportation - a small quantity or small package.






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






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






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






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






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






8. 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.






9. A body of facts in a format suitable for decision making.






10. 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.






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






12. Refers to the number of transportation modes available to prospective users.






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






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






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






16. The seller owns the goods in transit - prepays the freight charges - and bills the buyer for the freight charges.






17. 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.






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






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






20. Are similar to credit cards for personal use - only p-cards are used for organizational purchases.






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






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






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






24. Emphasize the storage of products and their primary purpose is to maximize usage of available storage space.






25. The shipper of goods.






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






27. 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






28. Money paid after an exchange.






29. Short- to medium-term horizon - Six-month to one-year (plus) time-span - Subsystem decisions are made - - should not impose on other logistics components - Annual budgets provide finance/cost basis - The strategic plan detail is made into an operatio






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






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






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






33. Organizations that exploit workers and that do not comply with fiscal and legal obligations toward employees.






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






35. Products are produced after receiving a customer order.






36. 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.






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






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






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






40. The seller pays the freight charges - but the buyer owns the goods in transit.






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






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






43. Prohibition of trade between particular countries.






44. Having products available when they are needed by customers.






45. Analysis that is performed by a trade association - professional organization - or other entity - on a industry wide basis.






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






47. A framework that identifies eight relevant processes - such as customer relationship management - demand management - and order fulfillment - associated with supply chain management.






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






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






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