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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. Transportation carrier that has agreed to serve the general public and assumes four legal obligations: service - delivery - reasonable rates - and avoidance of discrimination.






2. Compares actual experience to the expected experience and if the actual experience equals or exceeds the expected experience - then the customer is satisfied.






3. The receiver of a shipment.






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






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






6. Employee theft.






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






8. Artificial intelligence - Sophisticated use of the computer in which it is programmed to 'think' as a trained - skilled human in specific situations.






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






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






11. The cost of giving up an alternative opportunity.






12. A product that gains weight in processing; the processing point should be close to the market.






13. Bill of Lading






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






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






16. A small platform (made of plastic - steel - or wood) on which goods are placed for handling by mechanical means.






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






18. The degree to which an organization can accommodate unique or unplanned customer requests.






19. Their intent is to incorporate nonbusiness factors (e.g. - cost of living - crime rate - educational opportunities) into the decision of where to locate a plant or distribution facility.






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






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






22. Considers a shipment's density (the amount of space occupied relative to weight) to determine a shipment's billable weight.






23. The percentage of orders that can be completely and immediately filled from existing stock.






24. Involves rearranging the quantities and assortment of products as they move through the supply chain.






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






26. A body of facts in a format suitable for decision making.






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






28. The creation across the supply chain and its markets of coordinated flow of demand. The three basic types of forecasting models are: 1-judgmental - 2-time series - 3-cause and effect.






29. The buyer pays the freight charges when the goods arrive - and the seller owns the goods while they are in transit.






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






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






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






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






34. Often accompanies an SED and provides explicit shipment instructions.

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






36. Medium- to long-term horizon - One- to five-year (plus) time span - Overall 'structural' decisions - Trade-offs between company functions - Trade-offs with other organizations - Corporate financial plans and policies - Policy decisions developed into






37. Truck trailers of flatcars.






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






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






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






41. Positive - long-term relationships between supply chain participants.






42. Taking and removing personal property with the intent to deprive the rightful owner of it.






43. A charge assessed by rail carriers to users that fail to unload and return vehicles or containers promptly.






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






45. Collects and stores information about transactions and may also control some aspects of transactions.






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






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






48. Using a container that can be transferred from the vehicle of one mode to a vehicle of another - and with the movement covered under a single bill of lading.






49. 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.






50. The use of speech to guide order-picking activities.