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






2. Bill of Lading






3. Software packages that control the movement and storage of materials within a warehousing facility.






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






5. A cartel consisting of nearly all the world's scheduled international airlines.






6. A buyer invites bids from multiple sellers - and the seller with the lowest bid is often awarded the business.






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






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






9. Key suppliers locate on - or adjacent to - automobile plants - which helps reduce shipping costs and inventory carrying costs.






10. The process of determining how a shipment will be moved between consignor and consignee or between place of acceptance by the carrier and place of delivery to the consignee.






11. The short-distance movement of material between two or more points.






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






13. Global Supply Chain Forum






14. An alternative name for airfreight containers.






15. A system in which the size and timing of replenishment orders into a retailer's system are the manufacturer's responsibility.






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






17. Piggyback traffic - or loading truck trailers onto rail flatcars.






18. An invoice submitted by a transportation carrier requesting to be paid.






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






20. A process for returning a customer to a state of satisfaction after a service or product has failed to live up to expectations.






21. Collects and stores information about transactions and may also control some aspects of transactions.






22. The documents associated with transportation shipments.






23. 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.






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






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






26. Breaking larger quantities into smaller quantities.






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






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






29. Price of the product at seller's place of business. Buyer must arrange for transportation of the product from the seller's place of business.






30. Aka bulk-making






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






32. Inventory that is held for several reasons such as seasonal demand - projected price increases - and potential product shortages.






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






34. Their intent is to incorporate nonbusiness factors (e.g. - cost of living - crime rate - educational opportunities) into the decision of where to locate a plant or distribution facility.






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






36. Prohibition of trade between particular countries.






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






38. Buyer pays a lower freight charge than the shipper incurs in shipping the product.






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






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






41. Consolidates freight shipments and buys transportation services in volume rates.






42. Gross domestic product






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






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






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






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






47. Electronic devices that read bar codes and can be used to keep track inventory - reorder inventory - and analyze inventory patterns.






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






49. Assumes that one or more factors are related to demand - and the relationship between cause and effect can be used to estimate future demand.






50. Having products available when they are needed by customers.






Can you answer 50 questions in 15 minutes?



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