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. Short- to medium-term horizon - Six-month to one-year (plus) time-span - Subsystem decisions are made - - should not impose on other logistics components - Annual budgets provide finance/cost basis - The strategic plan detail is made into an operatio






2. The time from when a transportation carrier picks up the shipment until it is received by the customer.






3. Materials that lose no weight in processing.






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






5. Refers to software that has been developed for managers to deal with specifics logistics functions or activities (e.g. transportation management systems)






6. The documents associated with transportation shipments.






7. Computer-to-computer transmission of business data in a structured format.






8. A common credential that will be used to identify workers across all modes of transportation.






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






10. The term associated with the handling of unit loads.






11. Absolute limits to the quantity of a product that can be imported into a country during a particular time period.






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






13. Strategic - Tactical - Operational






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






15. Logistics-related decisions are made separately at the divisional or product group level and often in different geographic regions.






16. 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.






17. All activities associated with the flow and transformation of goods from the raw material stage - through to the end user - as well as the associated information flows.






18. Analogous to personal property taxes paid by individuals - and inventory tax is based on the value of inventory that is held by an organization on the assessment date.






19. Looks at the entire logistics systems to see how well all of its components function together.






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






21. The receiver of a shipment.






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






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






24. The costs of holding an inventory - such as interest on investment - insurance - deterioration - and so on.






25. A warehouse with an emphasis on quick throughput - such as is needed in supporting marketing efforts.






26. U.S. federal government body with primary responsibility for transportation safety regulation.






27. Refers to how easy a commodity is to pack into a load.






28. The amount of output divided by the amount of input.






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






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






31. Inventory that is held for several reasons such as seasonal demand - projected price increases - and potential product shortages.






32. Emphasizes a speed or time component.






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






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






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






36. Refers to an alliance in the container trades in which ocean carriers retain their individual identities but cooperate in the area of operations.






37. Cargo reaches a vehicle's or a container's weight capacity without filling its cubic capacity.






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






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






40. Provides specialized service to each customer based on a contractual arrangement.






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






42. A system in which the size and timing of replenishment orders into a retailer's system are the manufacturer's responsibility.






43. For international transactions - refers to determining when and where to transfer between buyer and seller - the physical goods - the payment for goods - legal title - required documentation as well as responsibility for controlling and caring f






44. The level of inventory at which a replenishment order is placed.






45. Raw materials - component parts - and supplies brought from outside organizations to support a company's operations.






46. Refers to waterborne transportation that utilizes inland and coastal waterways to move shipments from domestic ports to their destination.






47. 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.






48. Cartels of all ocean vessel operators operating between certain trade areas.






49. An order picker goes to where the product is located (e.g. - a forklift).






50. Cooperative - formal or informal supply chain relationships between manufacturing companies and their suppliers - business partners - or customers - developed to enhance the overall business performance of both sides.