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






2. Unused available space.






3. Stock that exceeds the reasonable requirements of an organization.






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






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






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






7. Companies that specialize in providing various types of logistics services.






8. 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.






9. Strategic - Tactical - Operational






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






11. Use satellites that allow companies to compute vehicle positions - velocity - and time.






12. Goods moving between two points - often accompanied by a live bill of lading.






13. Depicts the demand for - and replenishment of - inventory.






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






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






16. A process where product is received in a facility - occasionally married with product going to the same destination - then shipped at the earliest opportunity - without going into long-term storage.






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






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






19. The shipment size that equates transportation charges for different rates and weight groups.






20. The seller pays the freight charges - but the buyer owns the goods in transit.






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






22. Locations that contain chemicals or other types of industrial wastes.






23. Creating - maintaining - and enhancing strong relationships with customers and other stakeholders.






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






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






26. The buying and controlling of transportation services by either a shipper or consignee.






27. Facts or recorded measures of certain phenomena.






28. Refers to removing impediments to the flow of information and goods.






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






30. An alternative name for airfreight containers.






31. Simulation of the types of problems that the package will be exposed to in warehouses and in transit.






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






33. Electronic devices that read bar codes and can be used to keep track inventory - reorder inventory - and analyze inventory patterns.






34. The documents associated with transportation shipments.






35. The time from when the seller receives an order until an appropriate location is authorized to fill the order.






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






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






38. Bill of Lading






39. Changes to one logistics activity cause some costs to increase and others to decrease.






40. The cost of giving up an alternative opportunity.






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






42. Day-to-day decision making - Operations controlled against standards and rules - Control via weekly/monthly reports - The implementation of the operational plan






43. The receiver of a shipment.






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






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






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






47. Materials that lose no weight in processing.






48. Facilitators that make the channel function better.






49. A buyer invites bids from multiple sellers - and the seller with the lowest bid is often awarded the business.






50. Refers to logistical activities associated with goods that move across national boundaries.