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. Creating - maintaining - and enhancing strong relationships with customers and other stakeholders.






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






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






4. According to the Council of Supply Chain Management Professionals - SCM encompasses the planning and management of all activities involved in sourcing and procurement - conversion - and all logistics management activities. Importantly - it also i






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






6. Each product is assigned a specific location in a warehouse and is always stored there.






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






8. Facts or recorded measures of certain phenomena.






9. Breaking larger quantities into smaller quantities.






10. A framework that identifies eight relevant processes - such as customer relationship management - demand management - and order fulfillment - associated with supply chain management.






11. A body of facts in a format suitable for decision making.






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






13. 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.






14. The costs of holding an inventory - such as interest on investment - insurance - deterioration - and so on.






15. Refers to communication without cables and cords - and includes infrared - microwave - and radio transmissions.






16. Transportation carrier that has agreed to serve the general public and assumes four legal obligations: service - delivery - reasonable rates - and avoidance of discrimination.






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






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






19. A one-size-fits-all approach in which every customer gets the same type and levels of logistics service.






20. The need to rapidly move a shipment to its final destination.






21. Materials requested by a customer that are unavailable for shipment at the same time as the reminder of the order. They are usually shipped when available.






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






23. An order size that minimizes the sum of carrying and ordering costs.






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






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






26. An intermediary that oversees the efficient movement of importers' goods (and accompanying paperwork) through customs and other inspection points.






27. The shipment size that equates transportation charges for different rates and weight groups.






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






29. The orderly and planned observation of one or more segments in the logistics network or supply chain.






30. Taking and removing personal property with the intent to deprive the rightful owner of it.






31. Using a container that can be transferred from the vehicle of one mode to a vehicle of another - and with the movement covered under a single bill of lading.






32. The receiver of a shipment.






33. The distance between the inner sides of two parallel rail tracks.






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






35. Artificial intelligence - Sophisticated use of the computer in which it is programmed to 'think' as a trained - skilled human in specific situations.






36. The management of the various activities associated with the order cycle.






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






38. Analyzing the impacts of small changes - such as adding or subtracting one unit of input.






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






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






41. An individual or firm in the business of carrying cargo or passengers.






42. The time from when the customer places or sends the order to when the seller receives it.






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






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






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






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






47. Terminal-to-terminal movement of freight or passengers.






48. A relational exchange approach involving a limited number of suppliers.






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






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