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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. Refers to the value or usefulness that comes from a customer being able to take possession of a product.
marginal analysis
information
bar-code scanners
possession utility
2. A U.S. federal agency that regulates workplaces to ensure the safety of workers.
associative forecasting
shipper's letter of instruction (SLI)
OSHA (Occupational Safety and Health Administration)
distribution center
3. Flatboard boat used to transport heavy products.
terminal
barge
ABC (Activity-based costing)
SCM (Supply Chain Management)
4. 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
suboptimization
international freight forwarders
line-haul
p-cards (procurement cards)
5. 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
terminal
FOB destination (delivered) pricing
right-to-work laws
6. A strategic orientation in which a limited number of traditional logistics activities are managed across business units.
materials management
speculative stock
market strategy
private warehousing
7. Products are produced prior to receiving a customer order.
materials management
Bill of Lading
make-to-stock
global procurement (sourcing)
8. State laws that specify that a worker does not have to join the union to work permanently at a facility.
freight absorption
centralized logistics organization
right-to-work laws
ABC (Activity-based costing)
9. Electronic devices that read bar codes and can be used to keep track inventory - reorder inventory - and analyze inventory patterns.
facility relocation
comprehensive systems analysis
SKU (stock-keeping unit)
bar-code scanners
10. 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.
order picking and assembly
JIT (Just-in-time) approach
private warehousing
seamless distribution
11. An inventory system that responds to forecasted (rather than actual) customer demand.
short sea shipping
letter of credit
on-demand software
push inventory system
12. The number of times an inventory is used or replaced each year.
inventory turnover
pipeline (in-transit) stock
bribes
routing guide
13. Helps managers make decisions by providing information - models - or analysis tools.
Bill of Lading
systems approach
order processing
DSS (Decision support system)
14. An individual or firm in the business of carrying cargo or passengers.
supply chain collaboration
variable slot location
Bill of Lading
carrier
15. Companies that specialize in providing various types of logistics services.
WMS (Warehouse Management Systems)
transportation
opportunity costs
LSP (Logistics Service Provider)
16. Occurs in delivered pricing when a buyer pays an excessive freight charge calculated into the price of the goods.
phantom freight
transportation
inventory flow diagram
partnerships
17. Employees who are sent to other countries for extended periods of time.
common carrier
shipper's export declaration (SED)
tracing
expatriate workers
18. Logistics Information System
suboptimization
routing
brownfields
LIS
19. An agreement in which the world's ports agree to allow U.S. customs agents to identify and inspect high-risk containers bound for the United States before they are loaded onto ships.
bulk-making
Application-specific software
assorting
Container Security Initiative (CSI)
20. Refers to systems that consider the return flow of products - their reuse - and the marketing and distribution of recovered products.
supplier parks
closed-loop systems
bribes
bulk cargo
21. Price of the product at its source plus transportation costs to its destination.
Bill of Lading
investment recovery
landed costs
industry systems analysis
22. Similar to common carriers in that public warehousing serves all legitimate users and has certain responsibilities to this users.
public warehousing
control
shipper's export declaration (SED)
letter of credit
23. The short-distance movement of material between two or more points.
OSHA (Occupational Safety and Health Administration)
transaction processing system
materials handling
bullwhip effect
24. Prohibition of trade between particular countries.
demurrage
unified logistics structure
expediting
embargoes
25. These are materials that are no longer serviceable - have been discarded - or are a by-product of the production process.
containers
OSHA (Occupational Safety and Health Administration)
scrap materials
marginal analysis
26. A charge assessed by rail carriers to users that fail to unload and return vehicles or containers promptly.
weighing out
place utility
demurrage
VMI (vendor-managed inventory)
27. Refers to the value or usefulness of a product in fulfilling customer needs and wants.
maverick spending
reconsignment
unitization
economic utility
28. Gross domestic product
DOT (Department of Transportation)
back order
GDP
judgmental forecasting
29. Inventory that is held for several reasons such as seasonal demand - projected price increases - and potential product shortages.
speculative stock
cause and effect forecasting
cube out
transaction processing system
30. Absolute limits to the quantity of a product that can be imported into a country during a particular time period.
amodal shipper
third-party logistics (logistics outsourcing)
common carrier
import quotas
31. The documents associated with transportation shipments.
documentation
FOB destination - freight prepaid and charged back
private carrier
systems approach
32. Generates and uses few or no paper documents and relies on technology to accomplish the relevant tasks.
aperless warehousing
cause and effect forecasting
disintermediation
contract carrier
33. 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.
seamless distribution
information
back order
multiclient warehousing
34. The orderly and planned observation of one or more segments in the logistics network or supply chain.
electronic procurement (e-procurement)
suboptimization
systems analysis
communication system
35. Refers to logistical activities associated with goods that move across national boundaries.
logistics
FOB destination - freight prepaid and charged back
international logistics
economic utility
36. The depth in the water to which a vessel can be loaded.
draft
unit load devices
customer service
agile supply chain
37. Logistics-related decisions are made separately at the divisional or product group level and often in different geographic regions.
tom miles
decentralized logistics organization
transit time
GSCF
38. Using a container that can be transferred from the vehicle of one mode to a vehicle of another - and with the movement covered under a single bill of lading.
phantom freight
materials management
international freight forwarders
intermodal transportation
39. Companies that specialize in transporting parcels or small packages.
FOB origin pricing
warehousing
parcel carriers
nesting
40. An alternative name for airfreight containers.
data mining
sorting
excess capacity
unit load devices
41. Nonprofit membership cooperatives that perform basically the same function as freight forwarders.
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42. Refer to materials that are not likely to ever be used by the organization that purchased it.
obsolete materials
electronic procurement (e-procurement)
investment recovery
bulk-breaking
43. A degree of aggressive procurement involvement not normally encountered in supplier selection.
centralized logistics organization
bulk-breaking
Incoterms 2000
supplier development (reverse marketing)
44. Creating - maintaining - and enhancing strong relationships with customers and other stakeholders.
marginal analysis
transportation
relationship management
bullwhip effect
45. The science that seeks to adapt work or working conditions to suit the abilities of the worker.
make-to-order
ergonomics
nodes
detention
46. Assemble small shipments into a single - larger shipment.
export packers
consolidate
reverse auctions
simulation
47. Raw materials - component parts - and supplies brought from outside organizations to support a company's operations.
commodity rate
procurement (purchasing)
bonded storage
expatriate workers
48. Bringing together inventory from different sources.
suboptimization
on-demand software
bulk-making
short-interval scheduling
49. A long-term arrangement between a shipper and another party to provide logistics services that is characterized by relational focus - a focus on mutual benefits - and the availability of customized offerings.
third-party logistics (logistics outsourcing)
physical distribution
JIT (Just-in-time) approach
DSS (Decision support system)
50. A strategic orientation in which traditional logistics activities are managed as a value-added system.
letter of credit
electronic commerce
process strategy
office automation systems