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






2. Inventories that are used or distributed together (e.g. razor blades and razors).






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






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






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






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






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






8. The seller pays the freight charges and also owns the goods in transit. The is what is generally referred to as FOB destination pricing.






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






10. Breaking larger quantities into smaller quantities.






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






12. Refers o cargo stowed loose - without specific packing - and generally handled with a pump - scoop - or shovel.






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






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






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






16. State laws that specify that a worker does not have to join the union to work permanently at a facility.






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






18. System that attempts enterprisewide coordination of relevant business processes by allowing (conceptually - at least) all functional areas within a firm to access and analyze a common database.






19. Concept that suggests that all relevant activities in moving and storing products should be considered as a whole (i.e. - their total cost) - not individually.






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






21. The management of the various activities associated with the order cycle.






22. The process of determining how a shipment will be moved between consignor and consignee or between place of acceptance by the carrier and place of delivery to the consignee.






23. The seller pays the freight charges in advance but bills the buyer for them. The buyer owns the goods in transit.






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






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






26. An international payment option that is issued by a bank and guarantees payment to a seller provided that the seller has complied with the applicable terms and conditions of the particular transaction.






27. Costs to seller when it is unable to supply an item to a customer ready to buy.






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






29. Refers to security throughout the entire supply chain.






30. Refers to the value or usefulness that comes from a customer being able to take possession of a product.






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






32. An individual or firm in the business of carrying cargo or passengers.






33. Analyzing the impacts of small changes - such as adding or subtracting one unit of input.






34. Emphasize the storage of products and their primary purpose is to maximize usage of available storage space.






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






36. Logistics Information System






37. Separating products into grades and qualities desired by different target markets.






38. Employee theft.






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






40. An order that simultaneously achieves relevant customer metrics.






41. Products that customers view as being able to fill the same need or want as another product.






42. A U.S. federal agency that regulates workplaces to ensure the safety of workers.






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






44. The receiver of a shipment.






45. 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.






46. A major port where thousands of containers arrive and depart per week. These ports specialize in the efficient handling of containers.






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






48. Inventory is replenished with a set quantity every time it is ordered; the time interval between orders may vary.






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






50. Multiple logistics activities are combined into - and managed as - a single department.