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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 one-size-fits-all approach in which every customer gets the same type and levels of logistics service.
TOFC (trailer on flatcar)
associative forecasting
mass logistics
place utility
2. A group of forecasting techniques that is based on the idea that future demand is solely dependent on past demand.
time series forecasting
weight break
relationship management
reverse auctions
3. Materials that lose no weight in processing.
physical distribution
pure materials
GIS (Graphical Information Systems)
Operational (planning time horizon)
4. Each product is assigned a specific location in a warehouse and is always stored there.
associative forecasting
Tactical (planning time horizon)
fixed slot location
export management company
5. The degree to which an organization can accommodate unique or unplanned customer requests.
goods in transit
building-blocks concept
batch number
responsiveness
6. The seller owns the goods in transit - prepays the freight charges - and bills the buyer for the freight charges.
FOB destination - freight prepaid and charged back
barge
transportation management
land bridge
7. An inventory system that responds to actual (rather than forecasted) customer demand.
FOB destination - freight prepaid and charged back
quality
pull inventory system
bar-code scanners
8. Provide effective ways to process personal and organizational business data - to perform calculations - and to create documents.
office automation systems
reverse auctions
information
public warehousing
9. Having products available where they are needed by customers.
system constraints
place utility
supply management
multiclient warehousing
10. Boxes or other containers secured to a pallet or slip sheet.
bribes
unit load
weight-losing product characteristics
speculative stock
11. Refer to materials that are not likely to ever be used by the organization that purchased it.
aperless warehousing
obsolete materials
marginal analysis
land bridge
12. Elapsed time between a customer places an order and when the goods are received.
cost trade-offs
time utility
order cycle
backhaul
13. The cost of giving up an alternative opportunity.
Six Sigma
short-interval scheduling
opportunity costs
suboptimization
14. Refers to software that has been developed for managers to deal with specifics logistics functions or activities (e.g. transportation management systems)
Application-specific software
Malcolm Baldrige National Quality Award
place utility
flexibility
15. A strategic orientation where a diverse group of logistics activities - together with other activities - are managed as a channel system.
information (channel) strategy
STB (Surface Transportation Board)
third-party logistics (logistics outsourcing)
intermodal competition
16. Helps managers make decisions by providing information - models - or analysis tools.
SKU (stock-keeping unit)
tom miles
consolidate
DSS (Decision support system)
17. Stock that exceeds the reasonable requirements of an organization.
parcel
empowerment zone
excess (surplus) materials
RFID (radio-frequency identification)
18. An order size that minimizes the sum of carrying and ordering costs.
weight-losing product characteristics
EOQ (Economic Order Quanitity)
certificate of origin
co-branding
19. In international trade - a firm that provides carrier services to shippers but owns no vessels itself.
Nonvessel-operating common carrier (NVOCC)
control
dunnage
grid system
20. Contains relevant export transaction data such as the transportation mode(s) - transaction participants - and description of what is being exported.
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21. Inventory is replenished with a set quantity every time it is ordered; the time interval between orders may vary.
excess capacity
CPFR (Collaborative planning - forecasting - and replenishment)
nontariff barriers
fixed order quantity system
22. Raw materials - component parts - and supplies brought from outside organizations to support a company's operations.
TOFC (trailer on flatcar)
procurement (purchasing)
ERP (Enterprise Resource Planning system)
WMS (Warehouse Management Systems)
23. Looks at a single aspect of logistics - such as a time-and-motion study of individuals who handle incoming freight at a receiving dock.
partial systems analysis
facility relocation
concealed damage
private warehousing
24. Employees who are sent to other countries for extended periods of time.
expatriate workers
weight break
common carrier
relationship management
25. Terms of sale for international transactions that represent - from the seller's viewpoint - the different locations - or stages - for quoting a price to an overseas buyer.
Incoterms 2000
pipeline (in-transit) stock
parcel carriers
supply chain
26. A system in which the size and timing of replenishment orders into a retailer's system are the manufacturer's responsibility.
routing
field warehousing
VMI (vendor-managed inventory)
power retailer
27. Costs to seller when it is unable to supply an item to a customer ready to buy.
benchmarking
international freight forwarders
excess (surplus) materials
stockout cost
28. Price of the product at seller's place of business. Buyer must arrange for transportation of the product from the seller's place of business.
SKU (stock-keeping unit)
FOB origin pricing
facility location
free (foreign) trade zone
29. An organization maintains a single logistics department that administers the related activities for the entire company from the home office.
ROP (reorder point)
FOB origin pricing
weight break
centralized logistics organization
30. A small device that responds to radio signals from an outside source.
transponders
tom miles
shippers' associations
routing guide
31. An order picker goes to where the product is located (e.g. - a forklift).
commodity rate
picker-to-part system
piggyback transportation
system security
32. A technique that seeks to better understand the cost of a product by identifying what activities drive particular costs.
ABC (Activity-based costing)
pipeline (in-transit) stock
productivity
form utility
33. Creating - maintaining - and enhancing strong relationships with customers and other stakeholders.
density
center-of-gravity approach
relationship management
tracing
34. Damage that is not initially apparent but is discovered after a package is opened.
concealed damage
slip sheet
pipeline (in-transit) stock
bulk-breaking
35. Inventory needed to satisfy demand during an order cycle.
partial systems analysis
contract logistics
cycle (base) stock
in bond
36. Goods moving between two points - often accompanied by a live bill of lading.
aperless warehousing
shipper's export declaration (SED)
goods in transit
centralized logistics organization
37. Changes to one logistics activity cause some costs to increase and others to decrease.
distribution center
cost trade-offs
ocean carrier alliances
make-to-stock
38. The distance between the inner sides of two parallel rail tracks.
channel intermediaries
rail gauge
benchmarking
FOB origin pricing
39. An analysis of workers' productivity over short periods of time. Each worker is assigned specific duties that he or she should be able to complete during the time period provided.
stockout
short-interval scheduling
systems analysis
reverse auctions
40. Having products available when they are needed by customers.
time utility
warehouse
land bridge
perfect order
41. The orders to be picked are identified by lights placed on shelves or racks.
allocating
inventory
pick-to-light technology
freight claims
42. Storage of finished product and movement to the customers.
marginal analysis
physical distribution
warehouse
make-to-order
43. Material that is used to block and brace products inside carrier equipment to prevent the shipment from shifting in transit and becoming damaged.
waste materials
dunnage
possession utility
nontariff barriers
44. Refer to the manner by which a seller will be paid by a buyer for an international transaction.
terms of payment
bar-code scanners
relationship management
JIT (Just-in-time) approach
45. The most important single transportation document that is the operating document in the industry.
Bill of Lading
agile supply chain
detention
center-of-gravity approach
46. These are materials that are no longer serviceable - have been discarded - or are a by-product of the production process.
FOB destination - freight collect
stockout cost
scrap materials
flexibility
47. Collects and stores information about transactions and may also control some aspects of transactions.
transaction processing system
mass logistics
co-branding
electronic commerce
48. An area - usually near a port or an airport - where goods can be stored or processed before entering through the importing nation's customs inspections.
free (foreign) trade zone
concealed damage
FOB destination - freight collect
data
49. Occurs when the shipper notifies the carrier - prior to the shipment's arrival in the destination city - of a change in destination.
global procurement (sourcing)
diversion
theft
JIT (Just-in-time) approach
50. Taking and removing personal property with the intent to deprive the rightful owner of it.
weight-gaining product characteristics
GIS (Graphical Information Systems)
possession utility
theft