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. Classifying orders according to pre-established guidelines so that a company can prioritize how orders should be filled.






2. Bringing together inventory from different sources.






3. Facts or recorded measures of certain phenomena.






4. Money paid before an exchange.






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






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






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






8. Pricing that includes both the price of the product and the transportation cost of the product to the purchaser's receiving dock.






9. Refers to software that has been developed for managers to deal with specifics logistics functions or activities (e.g. transportation management systems)






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






11. A program in which public and private organizations work together to prevent terrorism against the United States through imports and transportation.






12. The shipper of goods.






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






14. An approach for locating a single facility that minimizes the distance to existing facilities.






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






16. Refers to employees who do not follow company guidelines about which suppliers to use in particular situations.






17. A small device that responds to radio signals from an outside source.






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






19. 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.






20. Cargo on which taxes or duties have yet to be paid. The owner must post a bond or use a bonded carrier or warehouse to guarantee that the materials will not be sold until the taxes or duties are paid.






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






22. These help various stake-holders to work together by interacting and sharing information in many different forms.






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






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






25. Refers to the amount of product entering and leaving a facility in a given time period.






26. A firm must move operations to another facility to better serve suppliers or customers.






27. An invoice submitted by a transportation carrier requesting to be paid.






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






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






30. Movement and storage of raw materials - parts - and components within a firm.






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






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






33. Analysis that is performed by a trade association - professional organization - or other entity - on a industry wide basis.






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






35. Strategic - Tactical - Operational






36. Focuses on an organization's ability to respond to changes in demand with respect to volume and variety.






37. Short- to medium-term horizon - Six-month to one-year (plus) time-span - Subsystem decisions are made - - should not impose on other logistics components - Annual budgets provide finance/cost basis - The strategic plan detail is made into an operatio






38. The pick location is brought to the picker (e.g. - carousels).






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






40. In international trade - a firm that provides carrier services to shippers but owns no vessels itself.






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






42. Global Supply Chain Forum






43. 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.






44. According to the Council of Supply Chain Management Professionals (CSCMP) - that part of supply chain management that plans - implements - and controls the efficient - effective forward and reverse flow and storage of goods - services - and rel






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






46. Boxes or other containers secured to a pallet or slip sheet.






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






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






49. 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.






50. The movement and storage of materials into a firm.