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






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






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






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






5. Involves rearranging the quantities and assortment of products as they move through the supply chain.






6. Bringing together inventory from different sources.






7. The buyer pays freight charges and owns the goods in transit. This is the most common FOB origin term.






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






9. 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.






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






11. The cost of giving up an alternative opportunity.






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






13. The short-distance movement of material between two or more points.






14. Strategic - Tactical - Operational






15. Global Supply Chain Forum






16. Locations that contain chemicals or other types of industrial wastes.






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






18. Using measures of another organization's performance to judge one's own performance.






19. Cargo on which taxes or duties have yet to be paid. The owner must post a bond or use a bonded carrier or warehouse to guarantee that the materials will not be sold until the taxes or duties are paid.






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






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






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






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






24. Having products available where they are needed by customers.






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






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






27. Taking and removing personal property with the intent to deprive the rightful owner of it.






28. Material that is used to block and brace products inside carrier equipment to prevent the shipment from shifting in transit and becoming damaged.






29. Similar to the center-of-gravity locational approach - except that shipping volumes are also taken into account.






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






31. A common credential that will be used to identify workers across all modes of transportation.






32. Provides specialized service to each customer based on a contractual arrangement.






33. Gross domestic product






34. The buyer pays the freight charges when the goods arrive - and the seller owns the goods while they are in transit.






35. 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






36. 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.






37. Flatboard boat used to transport heavy products.






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






39. Occurs when a cargo takes up a vehicle's or a container's cubic capacity before reaching its weight capacity.






40. The term associated with the handling of unit loads.






41. Refers to an alliance in the container trades in which ocean carriers retain their individual identities but cooperate in the area of operations.






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






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






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






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






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






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






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






49. Aka bulk-making






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