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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. Combining smaller packages into larger unites that can be more efficiently handled at one time.






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






3. 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.






4. Refers to alphanumeric identification that specifies where a product was processed or manufactured.






5. A one-size-fits-all approach in which every customer gets the same type and levels of logistics service.






6. Bringing together inventory from different sources.






7. In transportation - a small quantity or small package.






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






9. Refers to the number of carriers within each mode.






10. The documents associated with transportation shipments.






11. An organization maintains a single logistics department that administers the related activities for the entire company from the home office.






12. Elapsed time between a customer places an order and when the goods are received.






13. 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.






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






15. A system that simplifies each of the three primary rate factors - product - weight - and distance.






16. 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.






17. Uses the internet to make it easier - faster - and less expensive for an organization to purchase goods and services.






18. A process for returning a customer to a state of satisfaction after a service or product has failed to live up to expectations.






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






20. Refers to warehousing situations where goods are not released until applicable fees are paid. As an example - Internal Revenue Service - bonded warehouses hold goods other federal taxes and fees collected.






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






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






23. Manufacturing plants that exist just south of the U.S.-Mexican border.






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






25. The delay of value-added activities such as assembly - production - and packaging to the latest possible time.






26. Factors in the system that cannot be changed for various reasons.






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






28. Transport products that are ground into a powder - mixed with water - and then shipped in slurry form through a pipeline.






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






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






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






32. A product that loses weight during the production process; the processing point as near to its origin as possible.






33. Refers to security throughout the entire supply chain.






34. 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.






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






36. Truck trailers on flatcars - also referred to as TOFC.






37. 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






38. Products are produced after receiving a customer order.






39. 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.






40. 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.






41. Utilizes sophisticated quantitative techniques to find hidden patterns in large volumes of data.






42. Provides guidance in terms of a preferred list of carriers for shipments moving between two points.






43. Key suppliers locate on - or adjacent to - automobile plants - which helps reduce shipping costs and inventory carrying costs.






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






45. Satisfying current and emerging customer needs.






46. Materials used for the containment - protection - handling - delivery - and presentation of goods.






47. Damage that is not initially apparent but is discovered after a package is opened.






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






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






50. The orders to be picked are identified by lights placed on shelves or racks.







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