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






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






3. 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.






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






5. Bill of Lading






6. An intermediary that oversees the efficient movement of importers' goods (and accompanying paperwork) through customs and other inspection points.






7. Damage that is not initially apparent but is discovered after a package is opened.






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






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






10. A type of contract logistics that focuses on providing unique and specially tailored warehousing services to particular clients.






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






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






13. A process for returning a customer to a state of satisfaction after a service or product has failed to live up to expectations.






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






15. Conformance to mutually agreed upon requirements.






16. Procurement activities that meet the ethical and discretionary responsibilities expected by society.






17. Collects and stores information about transactions and may also control some aspects of transactions.






18. Movement and storage of raw materials - parts - and components within a firm.






19. An international trade specialist that can handle either vessel shipments or air shipments and that offers a number of different functions such as booking space on carriers - obtaining consular documents - and arranging for insurance - among other






20. 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.






21. Packaging tapered articles inside each other to reduce the cubic volume of the entire shipment.






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






23. The shipper of goods.






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






25. Considers a shipment's density (the amount of space occupied relative to weight) to determine a shipment's billable weight.






26. Refers to removing impediments to the flow of information and goods.






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






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






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






30. A relational exchange approach involving a limited number of suppliers.






31. A small device that responds to radio signals from an outside source.






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






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






34. Prohibition of trade between particular countries.






35. Occurs in delivered pricing when a buyer pays an excessive freight charge calculated into the price of the goods.






36. The distance between the inner sides of two parallel rail tracks.






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






38. 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






39. A company's objectives can be realized by recognizing the mutual interdependence of the major functional areas of the firm - such as marketing - production - finance - and logistics.






40. Price of the product at its source plus transportation costs to its destination.






41. Strategic - Tactical - Operational






42. 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.






43. A transportation manager who purchases a prespecified level of transportation service and is indifferent to the mode(s) or carrier(s) used to provide the actual transportation service.






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






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






46. Storage of finished product and movement to the customers.






47. A specific rate for every possible combination of product - weight - and distance.






48. Refers to the amount of product entering and leaving a facility in a given time period.






49. Identifies opportunities to recover revenues or reduce costs associated with scrap - surplus - obsolete - and waste materials.






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







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