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. Medium- to long-term horizon - One- to five-year (plus) time span - Overall 'structural' decisions - Trade-offs between company functions - Trade-offs with other organizations - Corporate financial plans and policies - Policy decisions developed into






2. People - equipment - and procedures to gather - sort - analyze - evaluate - and distribute needed - timely - and accurate information to logistics decision makers.






3. Refers to removing impediments to the flow of information and goods.






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






5. Taxes that governments place on the importation of certain items.






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






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






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






9. Looks at the entire logistics systems to see how well all of its components function together.






10. A measure of how heavy a product is in relation to its size.






11. General contractor that ensures that third-party logistics companies are working toward relevant supply chain goals and objectives.






12. Facilitators that make the channel function better.






13. Often accompanies an SED and provides explicit shipment instructions.

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14. Cartels of all ocean vessel operators operating between certain trade areas.






15. Concept that recognizes that because inventories are not of equal value to a firm - they should not be managed in the same way.






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






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






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

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






20. A carrier or public facility where freight (or passengers) is shifted between vehicles or modes.






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






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






23. Economic activity that can be conducted via electronic connections such as EDI and the internet.






24. Fixed facilities - such as a plant - warehouse - or store - in a logistics system.






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






26. Positive - long-term relationships between supply chain participants.






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






28. Refers to software that users access on a per-use basis instead of software they own or license for installation.






29. The seller pays the freight charges - but the buyer owns the goods in transit.






30. Procurement activities that meet the ethical and discretionary responsibilities expected by society.






31. For-hire carriers that have been exempted from economic regulation through provisions in various pieces of legislation.






32. A process where product is received in a facility - occasionally married with product going to the same destination - then shipped at the earliest opportunity - without going into long-term storage.






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






34. Inventory that is held in addition to cycle stock to guard against uncertainties in supply and/or lead time.






35. The amount of output divided by the amount of input.






36. Stocks of goods and materials that are maintained for many purposes.






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






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






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






40. Refers to a combination of water transportation and surface transportation between an origin and destination port.






41. 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.






42. Computer-to-computer transmission of business data in a structured format.






43. Bill of Lading






44. Being out of an item at the same time there is a willing buyer for it.






45. Money paid after an exchange.






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






47. The time from when a transportation carrier picks up the shipment until it is received by the customer.






48. Mixes attributes of public and contract warehousing; services are more differentiated than a public facility but less customized than in a contract facility.






49. Logistics Information System






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