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Test your basic knowledge |
Logistics Vocab
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Study First
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. Provide effective ways to process personal and organizational business data - to perform calculations - and to create documents.
broker
office automation systems
public warehousing
cause and effect forecasting
2. A practice that emphasizes the virtual elimination of business errors that strives to achieve 3.4 defects - deficiencies - or errors per one million opportunities.
parcel
power retailer
logistics
Six Sigma
3. Assemble small shipments into a single - larger shipment.
bar-code scanners
import quotas
third-party logistics (logistics outsourcing)
consolidate
4. A document used in cross-border trade that summarizes the entire transaction and contains key information such as a description of the goods - terms of sale and payments - and so on.
private warehousing
facility relocation
commercial invoice
decentralized logistics organization
5. Breaking larger quantities into smaller quantities.
industry systems analysis
allocating
bonded storage
multiclient warehousing
6. 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.
STB (Surface Transportation Board)
JIT (Just-in-time) approach
bulk-breaking
export packers
7. A document that notifies a transportation carrier of wrong or defective deliveries - delay - or other delivery shortcoming.
inventory
packaging
FOB origin - freight prepaid
freight claims
8. Locations that contain chemicals or other types of industrial wastes.
expatriate workers
data
GSCF
brownfields
9. An area - usually near a port or an airport - where goods can be stored or processed before entering through the importing nation's customs inspections.
free (foreign) trade zone
fixed order interval system
benchmarking
containers
10. Each separate type of item that is accounted for in an inventory.
control
obsolete materials
SKU (stock-keeping unit)
diversion
11. Inventory is replenished on a constant - set schedule and is always ordered at a specific time; the quantity ordered varies depending on forecasted sales before the next order date.
supply management
freight absorption
export management company
fixed order interval system
12. Computer-to-computer transmission of business data in a structured format.
contract carrier
'C-level' position
place utility
EDI (Electronic Data Interchange)
13. Fixed facilities - such as a plant - warehouse - or store - in a logistics system.
nodes
relationship management
hazardous materials
delivery window
14. Employee theft.
pilferage
information (channel) strategy
Container Security Initiative (CSI)
perfect order
15. Refers o cargo stowed loose - without specific packing - and generally handled with a pump - scoop - or shovel.
barge
shrink-wrap
marginal analysis
bulk cargo
16. An alternative name for airfreight containers.
opportunity costs
unit load devices
TEU
mass logistics
17. Provides specialized service to each customer based on a contractual arrangement.
short sea shipping
draft
contract carrier
slurry systems
18. 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.
letter of credit
nontariff barriers
BOL
mass logistics
19. Numbers assigned to various types of freight - based mainly on the carrier's costs of handling that type of product - and - along with weight and distance - used as a basis for determining the costs of shipment.
short-interval scheduling
allocating
classification
RFID (radio-frequency identification)
20. Companies that specialize in transporting parcels or small packages.
parcel carriers
inventory flow diagram
bribes
private carrier
21. Goods that flow from the consumer to the manufacturer (e.g. - product recalls and product recycling).
data
closed-loop systems
batch number
reverse logistics
22. 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.
control
demand management
time utility
FOB destination (delivered) pricing
23. The pick location is brought to the picker (e.g. - carousels).
supply chain
JIT (Just-in-time) approach
part-to-picker system
slip sheet
24. Retailers that are characterized by large market share and low prices.
power retailer
facility location
inventory tax
landed costs
25. An organization maintains a single logistics department that administers the related activities for the entire company from the home office.
letter of credit
supply chain collaboration
reverse auctions
centralized logistics organization
26. A U.S. federal agency that regulates workplaces to ensure the safety of workers.
LSP (Logistics Service Provider)
transit time
OSHA (Occupational Safety and Health Administration)
agile supply chain
27. Transportation service that is supplemental to line-haul transportation.
economic utility
accessorial service
SKU (stock-keeping unit)
order fill rate
28. People - equipment - and procedures to gather - sort - analyze - evaluate - and distribute needed - timely - and accurate information to logistics decision makers.
OSHA (Occupational Safety and Health Administration)
bulk-breaking
'C-level' position
logistics information system
29. Groups of customers with similar logistical needs and wants are provided with logistics service appropriate to those needs and wants.
inventory shrinkage
reconsignment
tailored logistics
voice-based order picking
30. Materials used for the containment - protection - handling - delivery - and presentation of goods.
packaging
parcel
unified logistics structure
nontariff barriers
31. In transportation - a small quantity or small package.
draft
EDI (Electronic Data Interchange)
p-cards (procurement cards)
parcel
32. A framework that identifies eight relevant processes - such as customer relationship management - demand management - and order fulfillment - associated with supply chain management.
decentralized logistics organization
time series forecasting
containers
GSCF model
33. An individual or firm in the business of carrying cargo or passengers.
order delivery
carrier
time series forecasting
public warehousing
34. A company that helps both shipper and carrier achieve lower freight rates and more efficient utilization of carrier equipment. Brokers also help match carriers to loads.
substitute products
routing
broker
make-to-stock
35. An organization's ability to address unexpected operational situations.
facility relocation
flexibility
channel intermediaries
JIT (Just-in-time) approach
36. Terminal-to-terminal movement of freight or passengers.
phantom freight
line-haul
quality-of-life considerations
suboptimization
37. A uniform sealed reusable metal 'box' in which goods are shipped.
international logistics
reverse auctions
supply management
containers
38. Key suppliers locate on - or adjacent to - automobile plants - which helps reduce shipping costs and inventory carrying costs.
supplier parks
package testing
system security
inventory turnover
39. Materials that lose no weight in processing.
pure materials
investment recovery
field warehousing
stowability
40. Assumes that one or more factors are related to demand - and the relationship between cause and effect can be used to estimate future demand.
voice-based order picking
freight forwarder
time series forecasting
associative forecasting
41. Aka bulk-making
third-party logistics (logistics outsourcing)
complementary products
accumulating
fixed order quantity system
42. The seller pays the freight charges - but the buyer owns the goods in transit.
unified logistics structure
diversion
FOB origin - freight prepaid
centralized logistics organization
43. The number of times an inventory is used or replaced each year.
associative forecasting
in bond
inventory turnover
transportation management
44. Using measures of another organization's performance to judge one's own performance.
C-TPAT (Customs Trade Partnership Against Terrorism)
benchmarking
land bridge
free (foreign) trade zone
45. Looks at a single aspect of logistics - such as a time-and-motion study of individuals who handle incoming freight at a receiving dock.
supply chain collaboration
partial systems analysis
Tactical (planning time horizon)
regrouping function
46. The removal of levels (layers) from a channel of distribution.
disintermediation
letter of credit
building-blocks concept
TWIC (Transportation Worker Identification Credential)
47. Utilizes sophisticated quantitative techniques to find hidden patterns in large volumes of data.
bullwhip effect
data mining
FOB origin pricing
throughput
48. Cargo reaches a vehicle's or a container's weight capacity without filling its cubic capacity.
sweatshops
GSCF
terms of sale
weighing out
49. Identifies opportunities to recover revenues or reduce costs associated with scrap - surplus - obsolete - and waste materials.
rail gauge
process strategy
investment recovery
packaging
50. Cartels of all ocean vessel operators operating between certain trade areas.
shrink-wrap
shipping conferences
tom miles
field warehousing