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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 corporate officers such as a chief executive officer (CEO) - chief operating officer (COO) - or chief financial officer (CFO).
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2. Analysis that is performed by a trade association - professional organization - or other entity - on a industry wide basis.
intermodal competition
industry systems analysis
FOB destination - freight prepaid and charged back
stowability
3. Refers to alphanumeric identification that specifies where a product was processed or manufactured.
GIS (Graphical Information Systems)
batch number
inventory flow diagram
customer satisfaction
4. A framework that identifies five key processes - plan - source - make - deliver - return - associated with supply chain management.
bullwhip effect
control
SCOR (Supply-Chain Operations Reference Model)
scrap materials
5. Similar to diversion - but it occurs after the shipment has arrived in the destination city.
reconsignment
amodal shipper
office automation systems
dimensional (dim) weight
6. Refers to software that users access on a per-use basis instead of software they own or license for installation.
goods in transit
classification
slip sheet
on-demand software
7. Emphasize the storage of products and their primary purpose is to maximize usage of available storage space.
terms of payment
warehouse
assorting
comprehensive systems analysis
8. Each product is assigned a specific location in a warehouse and is always stored there.
DSS (Decision support system)
fixed slot location
FOB origin - freight prepaid and charged back
STB (Surface Transportation Board)
9. Buyer pays a lower freight charge than the shipper incurs in shipping the product.
freight absorption
pull inventory system
regrouping function
WMS (Warehouse Management Systems)
10. Inventory needed to satisfy demand during an order cycle.
cycle (base) stock
part-to-picker system
detention
sweatshops
11. Conformance to mutually agreed upon requirements.
LSP (Logistics Service Provider)
quality
shipper's export declaration (SED)
ABC analysis
12. 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.
make-to-stock
hazardous materials
Bill of Lading
transaction processing system
13. Storage of finished product and movement to the customers.
physical distribution
Tactical (planning time horizon)
FOB origin - freight collect
FOB destination - freight prepaid
14. Costs to seller when it is unable to supply an item to a customer ready to buy.
stockout cost
diversion
inventory turnover
co-branding
15. A buyer invites bids from multiple sellers - and the seller with the lowest bid is often awarded the business.
TEU
excess capacity
possession utility
reverse auctions
16. Goods moving between two points - often accompanied by a live bill of lading.
ocean carrier alliances
reverse auctions
goods in transit
power retailer
17. Material that is used to block and brace products inside carrier equipment to prevent the shipment from shifting in transit and becoming damaged.
tom miles
tailored logistics
intermodal competition
dunnage
18. The level of inventory at which a replenishment order is placed.
materials handling
grid system
export packers
ROP (reorder point)
19. Nonprofit membership cooperatives that perform basically the same function as freight forwarders.
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20. Locations that contain chemicals or other types of industrial wastes.
benchmarking
brownfields
center-of-gravity approach
transit time
21. 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
letter of credit
cycle (base) stock
reconsignment
terms of sale
22. A set of generic standards used to document - implement - and demonstrate quality management and assurance systems.
system security
exempt carrier
ISO 9000
order delivery
23. Elapsed time between a customer places an order and when the goods are received.
allocating
order cycle
system constraints
certificate of origin
24. Economic activity that can be conducted via electronic connections such as EDI and the internet.
electronic commerce
bulk-breaking
concealed damage
classification
25. The amount of output divided by the amount of input.
FOB origin - freight collect
productivity
place utility
seamless distribution
26. Companies whose primary business is other than transportation provide their own transportation service by operating truck - railcars - barges - ships - or airplanes.
private carrier
substitute products
International Air Transport Association (IATA)
FOB origin pricing
27. People - equipment - and procedures to gather - sort - analyze - evaluate - and distribute needed - timely - and accurate information to logistics decision makers.
logistics information system
FOB origin pricing
cycle (base) stock
total cost approach
28. Unused available space.
GIS (Graphical Information Systems)
inventory turnover
excess capacity
barge
29. Refer to materials that are not likely to ever be used by the organization that purchased it.
flags of convenience
obsolete materials
maverick spending
SKU (stock-keeping unit)
30. Products that customers view as being able to fill the same need or want as another product.
substitute products
co-branding
intermodal transportation
expatriate workers
31. Changes to one logistics activity cause some costs to increase and others to decrease.
fast supply chain
throughput
SCM (Supply Chain Management)
cost trade-offs
32. Assumes that one or more factors are related to demand - and the relationship between cause and effect can be used to estimate future demand.
expediting
embargoes
associative forecasting
excess (surplus) materials
33. Global Supply Chain Forum
distribution center
p-cards (procurement cards)
classification
GSCF
34. A facility temporarily established at the site of inventory; the warehouser assumes custody of the inventory and issues a receipt for it - which can then be used as collateral for a loan.
CPA (Customer profitability analysis)
field warehousing
land bridge
service recovery
35. Inventory that is held for several reasons such as seasonal demand - projected price increases - and potential product shortages.
FOB origin - freight collect
warehouse
speculative stock
building-blocks concept
36. Characterized by variability in demand orders among supply chain participants.
bullwhip effect
containers
documentation
throughput
37. Employee theft.
shipper's export declaration (SED)
weight break
judgmental forecasting
pilferage
38. Product for which there is no demand.
dead inventory (stock)
reconsignment
slip sheet
pure materials
39. Inventory that is held in addition to cycle stock to guard against uncertainties in supply and/or lead time.
TWIC (Transportation Worker Identification Credential)
safety (buffer) stock
allocating
Bill of Lading
40. The number of tons times the number of miles.
systems approach
market strategy
decentralized logistics organization
tom miles
41. A degree of aggressive procurement involvement not normally encountered in supplier selection.
ISO 9000
supplier development (reverse marketing)
cycle (base) stock
agile supply chain
42. The percentage of orders that can be completely and immediately filled from existing stock.
tracing
certificate of origin
Maquiladora
order fill rate
43. Money paid before an exchange.
consolidate
bribes
building-blocks concept
letter of credit
44. A technique used to model the systems under study - typically using mathematical equations to represent relationships among components of a logistics system.
information
decentralized logistics organization
simulation
comprehensive systems analysis
45. A group of forecasting techniques that is based on the idea that future demand is solely dependent on past demand.
cycle (base) stock
time series forecasting
reverse auctions
information (channel) strategy
46. A U.S. government agency with primary responsibility for regulating railroad pricing and service.
detention
STB (Surface Transportation Board)
ABC analysis
procurement (purchasing)
47. An alternative name for airfreight containers.
aperless warehousing
fixed order quantity system
pick-to-light technology
unit load devices
48. The use of speech to guide order-picking activities.
fixed slot location
export packers
communication system
voice-based order picking
49. A system in which products are stored wherever there is empty space available in a warehouse.
variable slot location
electronic commerce
inventory
TOFC (trailer on flatcar)
50. A system that simplifies each of the three primary rate factors - product - weight - and distance.
on-demand software
ergonomics
LSP (Logistics Service Provider)
class rate system