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 management of the various activities associated with the order cycle.






2. Actual physical movement of goods and people between two points.






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






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






5. Transport products that are ground into a powder - mixed with water - and then shipped in slurry form through a pipeline.






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






7. That part of a firm's logistics system that stores products at and between points of origin and point of consumption.






8. Products are produced prior to receiving a customer order.






9. Refers to the value or usefulness of a product in fulfilling customer needs and wants.






10. An inventory system that responds to actual (rather than forecasted) customer demand.






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






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






13. Taxes that governments place on the importation of certain items.






14. Facilitators that make the channel function better.






15. Facts or recorded measures of certain phenomena.






16. Prohibition of trade between particular countries.






17. Refers to ships that register in nations that have lax maritime registration rules - particularly with respect to safety requirements.






18. Contains relevant export transaction data such as the transportation mode(s) - transaction participants - and description of what is being exported.

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


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






20. Strategic - Tactical - Operational






21. Retail industry initiative where trading partners share planning and forecasting data to better match supply and demand.






22. An order that simultaneously achieves relevant customer metrics.






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






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






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






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






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






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






29. Refers to the value or usefulness that comes from a customer being able to take possession of a product.






30. Employee theft.






31. The time from when the customer places or sends the order to when the seller receives it.






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






33. The receiver of a shipment.






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






35. 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.






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






37. Gross domestic product






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






39. The seller pays the freight charges and also owns the goods in transit. The is what is generally referred to as FOB destination pricing.






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






41. A measure of how heavy a product is in relation to its size.






42. A framework that identifies five key processes - plan - source - make - deliver - return - associated with supply chain management.






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






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






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






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






47. Stocks of goods and materials that are maintained for many purposes.






48. Refers to choosing the locations for distribution centers - warehouses - and production facilities to facilitate logistical effectiveness and efficiency.






49. The most important single transportation document that is the operating document in the industry.






50. An inventory system that responds to forecasted (rather than actual) customer demand.