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. 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.






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






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






4. The time span within which a scheduled delivery must be made.






5. Unused available space.






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






7. Boxes or other containers secured to a pallet or slip sheet.






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






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






10. A strategic orientation in which traditional logistics activities are managed as a value-added system.






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






12. Price of the product at its source plus transportation costs to its destination.






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






14. Breaking larger quantities into smaller quantities.






15. Money paid after an exchange.






16. A program in which public and private organizations work together to prevent terrorism against the United States through imports and transportation.






17. Satisfying current and emerging customer needs.






18. An order picker goes to where the product is located (e.g. - a forklift).






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






20. The seller owns the goods in transit - prepays the freight charges - and bills the buyer for the freight charges.






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. Groups of customers with similar logistical needs and wants are provided with logistics service appropriate to those needs and wants.






23. The delay of value-added activities such as assembly - production - and packaging to the latest possible time.






24. Refers to waterborne transportation that utilizes inland and coastal waterways to move shipments from domestic ports to their destination.






25. An international trade specialist that can handle either vessel shipments or air shipments and that offers a number of different functions such as booking space on carriers - obtaining consular documents - and arranging for insurance - among other






26. Companies that specialize in transporting parcels or small packages.






27. The documents associated with transportation shipments.






28. The degree to which an organization can accommodate unique or unplanned customer requests.






29. A specific rate for every possible combination of product - weight - and distance.






30. The percentage of orders that can be completely and immediately filled from existing stock.






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






32. Locations that contain chemicals or other types of industrial wastes.






33. Firm the helps a domestic company become involved in foreign sales. They often locate foreign firms that can be licensed to manufacture the product in the foreign country.






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






35. The amount of output divided by the amount of input.






36. Actual physical movement of goods and people between two points.






37. Use satellites that allow companies to compute vehicle positions - velocity - and time.






38. The receiver of a shipment.






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






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






41. Refer to materials that are not likely to ever be used by the organization that purchased it.






42. Nonprofit membership cooperatives that perform basically the same function as freight forwarders.


43. Created by the U.S. Department of Housing and Urban Development to encourage business development-through various tax credits-in economically depressed portions of cities.






44. That part of a firm's logistics system that stores products at and between points of origin and point of consumption.






45. The elapsed time from when an order is picked up by a transportation carrier until it is received by the customer.






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






47. Analysis that is performed by a trade association - professional organization - or other entity - on a industry wide basis.






48. Refers to the fact that more items are recorded entering than leaving warehouse facilities.






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






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