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 a product's being in a form that (1) can be used by the customer and (2) is of value to the customer.






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






3. Utilizes sophisticated quantitative techniques to find hidden patterns in large volumes of data.






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






5. Refer to the manner by which a seller will be paid by a buyer for an international transaction.






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

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






8. Manufacturing plants that exist just south of the U.S.-Mexican border.






9. Employees who are sent to other countries for extended periods of time.






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






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






12. Procurement activities that meet the ethical and discretionary responsibilities expected by society.






13. Inventory needed to satisfy demand during an order cycle.






14. General contractor that ensures that third-party logistics companies are working toward relevant supply chain goals and objectives.






15. Transport products that are ground into a powder - mixed with water - and then shipped in slurry form through a pipeline.






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






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






18. Separating products into grades and qualities desired by different target markets.






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






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






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






22. Goods moving between two points - often accompanied by a live bill of lading.






23. Emphasizes a speed or time component.






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






25. Inventory is replenished on a constant - set schedule and is always ordered at a specific time; the quantity ordered varies depending on forecasted sales before the next order date.






26. The buyer pays freight charges and owns the goods in transit. This is the most common FOB origin term.






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






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






29. In transportation - a small quantity or small package.






30. Positive - long-term relationships between supply chain participants.






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






32. 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






33. The cost of giving up an alternative opportunity.






34. Refers to the number of transportation modes available to prospective users.






35. Combining smaller packages into larger unites that can be more efficiently handled at one time.






36. Gross domestic product






37. Pricing that includes both the price of the product and the transportation cost of the product to the purchaser's receiving dock.






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






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






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






41. 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.






42. Seeks to minimize inventory by reducing (if not eliminating) safety stock - as well as having the required amount of materials arrive at the production location at the exact time they are needed.






43. All activities associated with the flow and transformation of goods from the raw material stage - through to the end user - as well as the associated information flows.






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






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






46. 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.






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






48. The pick location is brought to the picker (e.g. - carousels).






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






50. Truck trailers of flatcars.