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. Specifies the country(ies) in which a product is manufactured.






2. Assumes that one or more factors are related to demand - and the relationship between cause and effect can be used to estimate future demand.






3. A substance or material in a quantity and form that may pose an unreasonable risk to health and safety or property when transported in commerce.






4. Logistics Information System






5. Breaking larger quantities into smaller quantities.






6. A flat sheet of either fiberboard material or plastic that is placed under the unit load.






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






8. 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.






9. 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.






10. Pricing that includes both the price of the product and the transportation cost of the product to the purchaser's receiving dock.






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






12. A document that notifies a transportation carrier of wrong or defective deliveries - delay - or other delivery shortcoming.






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






14. Refers to employees who do not follow company guidelines about which suppliers to use in particular situations.






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






16. 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.






17. Logistics activities are managed in multiple departments throughout an organizations.






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






19. An order size that minimizes the sum of carrying and ordering costs.






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






21. The use of radio frequency to identify objects that have been implanted with an RFID tag.






22. For-hire carriers that have been exempted from economic regulation through provisions in various pieces of legislation.






23. Inventory needed to satisfy demand during an order cycle.






24. Product for which there is no demand.






25. An organization maintains a single logistics department that administers the related activities for the entire company from the home office.






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






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






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






29. Unused available space.






30. Refers to the allocation of revenues and costs to customer segments or individual customers to calculate the profitability of the segments or customers.






31. A technique that seeks to better understand the cost of a product by identifying what activities drive particular costs.






32. Consolidates freight shipments and buys transportation services in volume rates.






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






34. The management of the various activities associated with the order cycle.






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






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






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






39. 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






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






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






42. Having products available when they are needed by customers.






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






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






46. Conformance to mutually agreed upon requirements.






47. Money paid before an exchange.






48. Focuses on an organization's ability to respond to changes in demand with respect to volume and variety.






49. An approach for locating a single facility that minimizes the distance to existing facilities.






50. Includes all activities from when an appropriate location is authorized to fill an order until goods are loaded aboard an outbound carrier.