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Test your basic knowledge |
Logistics Vocab
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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. Inventory that is held in addition to cycle stock to guard against uncertainties in supply and/or lead time.
picker-to-part system
The major functions of the different planning time horizons
safety (buffer) stock
expatriate workers
2. Products are produced after receiving a customer order.
make-to-order
routing guide
weight-gaining product characteristics
brownfields
3. Involves rearranging the quantities and assortment of products as they move through the supply chain.
regrouping function
classification
order management
BOL
4. Using measures of another organization's performance to judge one's own performance.
Consignee
benchmarking
make-to-order
routing
5. Utilizes sophisticated quantitative techniques to find hidden patterns in large volumes of data.
data mining
order management
variable slot location
nontariff barriers
6. Similar to the center-of-gravity locational approach - except that shipping volumes are also taken into account.
sweatshops
weighted center-of-gravity approach
ROP (reorder point)
facility location
7. Retailers that are characterized by large market share and low prices.
power retailer
order picking and assembly
wireless communication
process strategy
8. Contains relevant export transaction data such as the transportation mode(s) - transaction participants - and description of what is being exported.
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9. Boxes or other containers secured to a pallet or slip sheet.
excess (surplus) materials
dead inventory (stock)
unit load
GSCF model
10. The term associated with the handling of unit loads.
center-of-gravity approach
productivity
unitization
on-demand software
11. Analyzing the impacts of small changes - such as adding or subtracting one unit of input.
inventory tax
marginal analysis
right-to-work laws
materials handling
12. Prohibition of trade between particular countries.
embargoes
order fill rate
cause and effect forecasting
make-to-stock
13. A U.S. federal agency that regulates workplaces to ensure the safety of workers.
order management
OSHA (Occupational Safety and Health Administration)
on-demand software
transit time
14. The cost of giving up an alternative opportunity.
expediting
opportunity costs
weight break
parcel
15. Elapsed time between a customer places an order and when the goods are received.
channel intermediaries
Nonvessel-operating common carrier (NVOCC)
time utility
order cycle
16. Breaking larger quantities into smaller quantities.
freight claims
bulk-breaking
pull inventory system
office automation systems
17. An alternative name for airfreight containers.
unit load devices
weighted center-of-gravity approach
parcel
scrap materials
18. Logistics Information System
contract carrier
allocating
LIS
fourth-party logistics (lead logistics provider)
19. A measure of how heavy a product is in relation to its size.
density
commodity rate
building-blocks concept
third-party logistics (logistics outsourcing)
20. The elapsed time from when an order is picked up by a transportation carrier until it is received by the customer.
commodity rate
Malcolm Baldrige National Quality Award
transit time
inventory flow diagram
21. 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.
slurry systems
weighing out
commercial invoice
inventory
22. An inventory system that responds to forecasted (rather than actual) customer demand.
FOB destination - freight collect
push inventory system
dunnage
phantom freight
23. Allow companies to produce digital maps that can drill down to site-specific qualities such as bridge heights.
export packers
order management
facility location
GIS (Graphical Information Systems)
24. A body of facts in a format suitable for decision making.
time series forecasting
information
DSS (Decision support system)
commercial invoice
25. A type of contract logistics that focuses on providing unique and specially tailored warehousing services to particular clients.
contract (third-party) warehousing
benchmarking
socially responsible procurement
expediting
26. The number of times an inventory is used or replaced each year.
The major functions of the different planning time horizons
unit load devices
inventory turnover
mass logistics
27. Each product is assigned a specific location in a warehouse and is always stored there.
socially responsible procurement
GSCF model
inbound logistics
fixed slot location
28. Bringing together inventory from different sources.
bulk-making
accumulating
reverse auctions
VMI (vendor-managed inventory)
29. The seller pays the freight charges - but the buyer owns the goods in transit.
FOB origin - freight prepaid
international freight forwarders
intermodal transportation
tariffs
30. Refers to the fact that more items are recorded entering than leaving warehouse facilities.
inventory shrinkage
transponders
assorting
ABC (Activity-based costing)
31. The pick location is brought to the picker (e.g. - carousels).
part-to-picker system
partnerships
p-cards (procurement cards)
bulk-breaking
32. The use of radio frequency to identify objects that have been implanted with an RFID tag.
RFID (radio-frequency identification)
excess capacity
fixed order quantity system
common carrier
33. Satisfying current and emerging customer needs.
fixed order interval system
inbound logistics
JIT (Just-in-time) approach
relevancy
34. Cartels of all ocean vessel operators operating between certain trade areas.
terms of payment
containers
shipping conferences
associative forecasting
35. Money paid before an exchange.
freight claims
bribes
delivery window
FOB destination - freight prepaid
36. Product for which there is no demand.
dead inventory (stock)
supplier parks
weight break
associative forecasting
37. For-hire carriers that have been exempted from economic regulation through provisions in various pieces of legislation.
seamless distribution
private carrier
exempt carrier
in bond
38. Considers a shipment's density (the amount of space occupied relative to weight) to determine a shipment's billable weight.
dimensional (dim) weight
tariffs
FOB origin - freight prepaid
SKU (stock-keeping unit)
39. Refers to the allocation of revenues and costs to customer segments or individual customers to calculate the profitability of the segments or customers.
CPA (Customer profitability analysis)
diversion
freight forwarder
International Air Transport Association (IATA)
40. An order picker goes to where the product is located (e.g. - a forklift).
picker-to-part system
centralized logistics organization
on-demand software
order fill rate
41. Refers to employees who do not follow company guidelines about which suppliers to use in particular situations.
freight bill
slurry systems
maverick spending
intermodal transportation
42. A charge assessed by rail carriers to users that fail to unload and return vehicles or containers promptly.
systems analysis
order processing
unitization
demurrage
43. Emphasize the storage of products and their primary purpose is to maximize usage of available storage space.
'C-level' position
field warehousing
facility location
warehouse
44. A process for returning a customer to a state of satisfaction after a service or product has failed to live up to expectations.
transit time
terms of sale
service recovery
inventory turnover
45. Movement and storage of raw materials - parts - and components within a firm.
bulk-making
GDP
cube out
materials management
46. A company discontinues operations at a current site because the operations are no longer needed or can be absorbed by other facilities.
RFID (radio-frequency identification)
suboptimization
facility closing
density
47. aka bulk-breaking
FOB destination - freight collect
variable slot location
allocating
industry systems analysis
48. Simulation of the types of problems that the package will be exposed to in warehouses and in transit.
package testing
Malcolm Baldrige National Quality Award
tom miles
classification
49. Companies whose primary business is other than transportation provide their own transportation service by operating truck - railcars - barges - ships - or airplanes.
international logistics
private carrier
mass logistics
center-of-gravity approach
50. A cartel consisting of nearly all the world's scheduled international airlines.
freight forwarder
piggyback transportation
freight claims
International Air Transport Association (IATA)