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






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






3. Flatboard boat used to transport heavy products.






4. An international trade specialist that can handle either vessel shipments or air shipments and that offers a number of different functions such as booking space on carriers - obtaining consular documents - and arranging for insurance - among other






5. Terms of sale for international transactions that represent - from the seller's viewpoint - the different locations - or stages - for quoting a price to an overseas buyer.






6. A strategic orientation in which a limited number of traditional logistics activities are managed across business units.






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






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






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






10. 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.






11. An inventory system that responds to forecasted (rather than actual) customer demand.






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






13. Helps managers make decisions by providing information - models - or analysis tools.






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






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






16. Occurs in delivered pricing when a buyer pays an excessive freight charge calculated into the price of the goods.






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






18. Logistics Information System






19. 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.






20. Refers to systems that consider the return flow of products - their reuse - and the marketing and distribution of recovered products.






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






22. Similar to common carriers in that public warehousing serves all legitimate users and has certain responsibilities to this users.






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






24. Prohibition of trade between particular countries.






25. These are materials that are no longer serviceable - have been discarded - or are a by-product of the production process.






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






27. Refers to the value or usefulness of a product in fulfilling customer needs and wants.






28. Gross domestic product






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






30. Absolute limits to the quantity of a product that can be imported into a country during a particular time period.






31. The documents associated with transportation shipments.






32. Generates and uses few or no paper documents and relies on technology to accomplish the relevant tasks.






33. Materials requested by a customer that are unavailable for shipment at the same time as the reminder of the order. They are usually shipped when available.






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






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






36. The depth in the water to which a vessel can be loaded.






37. Logistics-related decisions are made separately at the divisional or product group level and often in different geographic regions.






38. 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.






39. Companies that specialize in transporting parcels or small packages.






40. An alternative name for airfreight containers.






41. Nonprofit membership cooperatives that perform basically the same function as freight forwarders.

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42. Refer to materials that are not likely to ever be used by the organization that purchased it.






43. A degree of aggressive procurement involvement not normally encountered in supplier selection.






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






45. The science that seeks to adapt work or working conditions to suit the abilities of the worker.






46. Assemble small shipments into a single - larger shipment.






47. Raw materials - component parts - and supplies brought from outside organizations to support a company's operations.






48. Bringing together inventory from different sources.






49. 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.






50. A strategic orientation in which traditional logistics activities are managed as a value-added system.