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. Often accompanies an SED and provides explicit shipment instructions.

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






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






4. Stock that exceeds the reasonable requirements of an organization.






5. Satisfying current and emerging customer needs.






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






7. The removal of levels (layers) from a channel of distribution.






8. One location where customers can purchase products from two or more name-brand retailers.






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






10. Refer to the manner by which a seller will be paid by a buyer for an international transaction.






11. 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.






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






13. Strives to keep customers happy and creates in the customer's mind the perception of an organization that is easy to do business with.






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






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






16. Allow companies to produce digital maps that can drill down to site-specific qualities such as bridge heights.






17. Simulation of the types of problems that the package will be exposed to in warehouses and in transit.






18. The depth in the water to which a vessel can be loaded.






19. 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.






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






21. A strategic orientation where a diverse group of logistics activities - together with other activities - are managed as a channel system.






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






23. Aka bulk-making






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






25. Breaking larger quantities into smaller quantities.






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






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






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






29. Generates and uses few or no paper documents and relies on technology to accomplish the relevant tasks.






30. Product for which there is no demand.






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






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






33. 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.






34. The use of speech to guide order-picking activities.






35. The documents associated with transportation shipments.






36. 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.






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






38. A warehouse with an emphasis on quick throughput - such as is needed in supporting marketing efforts.






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






40. Similar to diversion - but it occurs after the shipment has arrived in the destination city.






41. The most important single transportation document that is the operating document in the industry.






42. Strategic - Tactical - Operational






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






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






45. Specifies the country(ies) in which a product is manufactured.






46. A uniform sealed reusable metal 'box' in which goods are shipped.






47. A carrier's attempt to determine a shipment's location during the course of its move.






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






49. Emphasizes a speed or time component.






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