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






2. Assemble small shipments into a single - larger shipment.






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






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






5. Characterized by variability in demand orders among supply chain participants.






6. Refers to an alliance in the container trades in which ocean carriers retain their individual identities but cooperate in the area of operations.






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






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






9. A location technique utilizing a map or grid - with specific locations marked on the north-south and east-west axes. Its purpose is to find a location that minimizes transportation costs.






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






11. Occurs in delivered pricing when a buyer pays an excessive freight charge calculated into the price of the goods.






12. Truck trailers of flatcars.






13. Raw materials - component parts - and supplies brought from outside organizations to support a company's operations.






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






15. A substance or material in a quantity and form that may pose an unreasonable risk to health and safety or property when transported in commerce.






16. Identifies opportunities to recover revenues or reduce costs associated with scrap - surplus - obsolete - and waste materials.






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






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






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






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






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






22. Refers o cargo stowed loose - without specific packing - and generally handled with a pump - scoop - or shovel.






23. Bringing together inventory from different sources.






24. Refers to security throughout the entire supply chain.






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






26. A return trip or movement in a direction of secondary importance or purpose.






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

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28. Refers to a situation in which a hazard or defect is discovered in a manufactured or processed item - and its return is mandated by a government agency.






29. State laws that specify that a worker does not have to join the union to work permanently at a facility.






30. Refers to systems that consider the return flow of products - their reuse - and the marketing and distribution of recovered products.






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






32. Inventories that are used or distributed together (e.g. razor blades and razors).






33. Analogous to personal property taxes paid by individuals - and inventory tax is based on the value of inventory that is held by an organization on the assessment date.






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






35. Involves rearranging the quantities and assortment of products as they move through the supply chain.






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






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






38. Similar to the center-of-gravity locational approach - except that shipping volumes are also taken into account.






39. 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






40. Unused available space.






41. The science that seeks to adapt work or working conditions to suit the abilities of the worker.






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






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






44. The cost of giving up an alternative opportunity.






45. Cooperative - formal or informal supply chain relationships between manufacturing companies and their suppliers - business partners - or customers - developed to enhance the overall business performance of both sides.






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






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






48. 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






49. aka bulk-breaking






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