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






2. Looks at a single aspect of logistics - such as a time-and-motion study of individuals who handle incoming freight at a receiving dock.






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






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






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






6. The buying and controlling of transportation services by either a shipper or consignee.






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






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






9. Are similar to credit cards for personal use - only p-cards are used for organizational purchases.






10. A specific rate for every possible combination of product - weight - and distance.






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






12. A common credential that will be used to identify workers across all modes of transportation.






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






14. Refers to ships that register in nations that have lax maritime registration rules - particularly with respect to safety requirements.






15. Products are produced after receiving a customer order.






16. An organization's ability to address unexpected operational situations.






17. The degree to which an organization can accommodate unique or unplanned customer requests.






18. An analysis of workers' productivity over short periods of time. Each worker is assigned specific duties that he or she should be able to complete during the time period provided.






19. Includes all activities from when an appropriate location is authorized to fill an order until goods are loaded aboard an outbound carrier.






20. Gross domestic product






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






22. Flatboard boat used to transport heavy products.






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






24. Refers to buying components and inputs anywhere in the world.






25. Having products available where they are needed by customers.






26. Day-to-day decision making - Operations controlled against standards and rules - Control via weekly/monthly reports - The implementation of the operational plan






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






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






29. Refers to the allocation of revenues and costs to customer segments or individual customers to calculate the profitability of the segments or customers.






30. Inventory needed to satisfy demand during an order cycle.






31. Retailers that are characterized by large market share and low prices.






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






33. The use of radio frequency to identify objects that have been implanted with an RFID tag.






34. Packaging tapered articles inside each other to reduce the cubic volume of the entire shipment.






35. Retail industry initiative where trading partners share planning and forecasting data to better match supply and demand.






36. Refers to the number of transportation modes available to prospective users.






37. Established in the late 1980s to recognize U.S. organizations for their achievements in quality and performance.






38. Refers to forecasting that involves judgment or intuition and is preferred in situations where there is limited - or no - historical data.






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






40. The need to rapidly move a shipment to its final destination.






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






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






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






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






45. A technique used to model the systems under study - typically using mathematical equations to represent relationships among components of a logistics system.






46. Contains relevant export transaction data such as the transportation mode(s) - transaction participants - and description of what is being exported.

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






48. 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.






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






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