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. A company discontinues operations at a current site because the operations are no longer needed or can be absorbed by other facilities.






2. Truck trailers on flatcars - also referred to as TOFC.






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






4. A small device that responds to radio signals from an outside source.






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






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






7. Refers to security throughout the entire supply chain.






8. The buyer pays freight charges and owns the goods in transit. This is the most common FOB origin term.






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






10. A system in which products are stored wherever there is empty space available in a warehouse.






11. 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.






12. Factors in the system that cannot be changed for various reasons.






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






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






15. The pick location is brought to the picker (e.g. - carousels).






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






17. The removal of levels (layers) from a channel of distribution.






18. Allow companies to produce digital maps that can drill down to site-specific qualities such as bridge heights.






19. The orderly and planned observation of one or more segments in the logistics network or supply chain.






20. Refers to the number of transportation modes available to prospective users.






21. Materials used for the containment - protection - handling - delivery - and presentation of goods.






22. A warehousing facility that is owned or occupied on a long-term lease by the firm using it.






23. Facts or recorded measures of certain phenomena.






24. Each separate type of item that is accounted for in an inventory.






25. Conformance to mutually agreed upon requirements.






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






27. Building up a variety of different products for resale to a particular customer.






28. 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.






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






30. The delay of value-added activities such as assembly - production - and packaging to the latest possible time.






31. Similar to diversion - but it occurs after the shipment has arrived in the destination city.






32. 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.






33. An organization's ability to address unexpected operational situations.






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






35. Characterized by variability in demand orders among supply chain participants.






36. Refers to software that users access on a per-use basis instead of software they own or license for installation.






37. Established in the late 1980s to recognize U.S. organizations for their achievements in quality and performance.






38. The documents associated with transportation shipments.






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






40. The short-distance movement of material between two or more points.






41. A relational exchange approach involving a limited number of suppliers.






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






43. The number of times an inventory is used or replaced each year.






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






45. Economic activity that can be conducted via electronic connections such as EDI and the internet.






46. A long-term arrangement between a shipper and another party to provide logistics services.






47. Being out of an item at the same time there is a willing buyer for it.






48. A location technique utilizing a map or grid - with specific locations marked on the north-south and east-west axes. Its purpose is to find a location that minimizes transportation costs.






49. Strives to keep customers happy and creates in the customer's mind the perception of an organization that is easy to do business with.






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