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Test your basic knowledge |
Logistics Vocab
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Subject
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business-skills
Instructions:
Answer 50 questions in 15 minutes.
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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. 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.
CPA (Customer profitability analysis)
export management company
freight claims
AI
2. Stocks of goods and materials that are maintained for many purposes.
CPA (Customer profitability analysis)
inventory
parcel
warehousing
3. Employees who are sent to other countries for extended periods of time.
batch number
Six Sigma
expatriate workers
physical distribution
4. Mixes attributes of public and contract warehousing; services are more differentiated than a public facility but less customized than in a contract facility.
multiclient warehousing
GPS (Global positioning systems)
excess capacity
procurement (purchasing)
5. An order picker goes to where the product is located (e.g. - a forklift).
DOT (Department of Transportation)
picker-to-part system
Nonvessel-operating common carrier (NVOCC)
C-TPAT (Customs Trade Partnership Against Terrorism)
6. An inventory system that responds to forecasted (rather than actual) customer demand.
'C-level' position
push inventory system
land bridge
system constraints
7. A buyer invites bids from multiple sellers - and the seller with the lowest bid is often awarded the business.
reverse auctions
distribution center
inventory carrying (holding) costs
shipping conferences
8. Pricing that includes both the price of the product and the transportation cost of the product to the purchaser's receiving dock.
stockout cost
ABC (Activity-based costing)
FOB destination (delivered) pricing
ROP (reorder point)
9. Cargo reaches a vehicle's or a container's weight capacity without filling its cubic capacity.
weighing out
GIS (Graphical Information Systems)
excess capacity
comprehensive systems analysis
10. An individual or firm in the business of carrying cargo or passengers.
pilferage
intramodal competition
carrier
TWIC (Transportation Worker Identification Credential)
11. Twenty-foot equivalent unit; a measure of the number of 20-foot containers that are used or handled.
make-to-stock
TEU
Operational (planning time horizon)
responsiveness
12. A strategic orientation in which a limited number of traditional logistics activities are managed across business units.
perfect order
market strategy
sorting
ROP (reorder point)
13. A framework that identifies five key processes - plan - source - make - deliver - return - associated with supply chain management.
SCOR (Supply-Chain Operations Reference Model)
embargoes
brownfields
suboptimization
14. These are material that have been spoiled - broken - or otherwise rendered unfit for further use or reclamation.
piggyback transportation
waste materials
suboptimization
transit time
15. Medium- to long-term horizon - One- to five-year (plus) time span - Overall 'structural' decisions - Trade-offs between company functions - Trade-offs with other organizations - Corporate financial plans and policies - Policy decisions developed into
expatriate workers
unit load
bulk cargo
Strategic (planning time horizon)
16. A uniform sealed reusable metal 'box' in which goods are shipped.
containers
building-blocks concept
marginal analysis
partnerships
17. Similar to common carriers in that public warehousing serves all legitimate users and has certain responsibilities to this users.
International Air Transport Association (IATA)
private carrier
public warehousing
ergonomics
18. A small platform (made of plastic - steel - or wood) on which goods are placed for handling by mechanical means.
carrier
tariffs
pallet (skid)
fixed order interval system
19. Refers to choosing the locations for distribution centers - warehouses - and production facilities to facilitate logistical effectiveness and efficiency.
facility location
transit time
pilferage
materials management
20. Absolute limits to the quantity of a product that can be imported into a country during a particular time period.
import quotas
supply chain collaboration
Operational (planning time horizon)
piggyback transportation
21. The use of speech to guide order-picking activities.
shipping conferences
letter of credit
intermodal competition
voice-based order picking
22. The percentage of orders that can be completely and immediately filled from existing stock.
phantom freight
transit time
closed-loop systems
order fill rate
23. A payment from a shipper or consignee to a truck carrier for having kept the carrier's equipment too long.
international logistics
land bridge
reverse logistics
detention
24. Groups of customers with similar logistical needs and wants are provided with logistics service appropriate to those needs and wants.
short-interval scheduling
contract (third-party) warehousing
bulk cargo
tailored logistics
25. Refers to the value or usefulness that comes from a customer being able to take possession of a product.
possession utility
partial systems analysis
relationship management
FOB origin pricing
26. Consolidates freight shipments and buys transportation services in volume rates.
FOB destination (delivered) pricing
freight forwarder
decentralized logistics organization
communication system
27. Economic activity that can be conducted via electronic connections such as EDI and the internet.
electronic commerce
GDP
terms of sale
facility location
28. Truck trailers on flatcars - also referred to as TOFC.
piggyback transportation
exempt carrier
import quotas
broker
29. Allow companies to produce digital maps that can drill down to site-specific qualities such as bridge heights.
The major functions of the different planning time horizons
GIS (Graphical Information Systems)
TOFC
flexibility
30. Refers to the number of carriers within each mode.
information (channel) strategy
export management company
intramodal competition
supply chain collaboration
31. Each product is assigned a specific location in a warehouse and is always stored there.
fixed slot location
landed costs
consolidate
flags of convenience
32. Product for which there is no demand.
TEU
dead inventory (stock)
industry systems analysis
cause and effect forecasting
33. Numbers assigned to various types of freight - based mainly on the carrier's costs of handling that type of product - and - along with weight and distance - used as a basis for determining the costs of shipment.
allocating
private carrier
carrier
classification
34. Uses the internet to make it easier - faster - and less expensive for an organization to purchase goods and services.
backhaul
postponement
embargoes
electronic procurement (e-procurement)
35. A product that loses weight during the production process; the processing point as near to its origin as possible.
weight-losing product characteristics
facility relocation
transaction processing system
transportation management
36. aka bulk-breaking
speculative stock
facility relocation
commercial invoice
allocating
37. Goods that flow from the consumer to the manufacturer (e.g. - product recalls and product recycling).
multiclient warehousing
benchmarking
private warehousing
reverse logistics
38. Retailers that are characterized by large market share and low prices.
system constraints
TOFC (trailer on flatcar)
bonded storage
power retailer
39. These are materials that are no longer serviceable - have been discarded - or are a by-product of the production process.
investment recovery
FOB origin - freight collect
scrap materials
FOB origin - freight prepaid
40. Truck trailers of flatcars.
TOFC
ABC (Activity-based costing)
terms of sale
GSCF model
41. An organization's ability to address unexpected operational situations.
pick-to-light technology
facility closing
flexibility
agile supply chain
42. The creation across the supply chain and its markets of coordinated flow of demand. The three basic types of forecasting models are: 1-judgmental - 2-time series - 3-cause and effect.
OSHA (Occupational Safety and Health Administration)
delivery window
order management
demand management
43. Characterized by variability in demand orders among supply chain participants.
TEU
ocean carrier alliances
bullwhip effect
allocating
44. 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.
electronic procurement (e-procurement)
substitute products
routing
dead inventory (stock)
45. Concept that suggests that all relevant activities in moving and storing products should be considered as a whole (i.e. - their total cost) - not individually.
EDI (Electronic Data Interchange)
office automation systems
co-branding
total cost approach
46. Inventories that are used or distributed together (e.g. razor blades and razors).
complementary products
shrink-wrap
quality
bulk-making
47. Raw materials - component parts - and supplies brought from outside organizations to support a company's operations.
FOB origin - freight prepaid and charged back
order delivery
Container Security Initiative (CSI)
procurement (purchasing)
48. Emphasizes a speed or time component.
speculative stock
fast supply chain
office automation systems
goods in transit
49. A program in which public and private organizations work together to prevent terrorism against the United States through imports and transportation.
ABC analysis
weighing out
C-TPAT (Customs Trade Partnership Against Terrorism)
associative forecasting
50. Products are produced after receiving a customer order.
make-to-order
fragmented logistics structure
communication system
office automation systems
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