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






2. Money paid before an exchange.






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






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






5. A company's objectives can be realized by recognizing the mutual interdependence of the major functional areas of the firm - such as marketing - production - finance - and logistics.






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






7. System that attempts enterprisewide coordination of relevant business processes by allowing (conceptually - at least) all functional areas within a firm to access and analyze a common database.






8. Provide effective ways to process personal and organizational business data - to perform calculations - and to create documents.






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






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






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






12. An approach for locating a single facility that minimizes the distance to existing facilities.






13. Bringing together inventory from different sources.






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






15. aka bulk-breaking






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






17. A measure of how heavy a product is in relation to its size.






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






19. Refers to employees who do not follow company guidelines about which suppliers to use in particular situations.






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






21. Refers to security throughout the entire supply chain.






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






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






24. A technique that seeks to better understand the cost of a product by identifying what activities drive particular costs.






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






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






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


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






29. A charge assessed by rail carriers to users that fail to unload and return vehicles or containers promptly.






30. Logistics activities are managed in multiple departments throughout an organizations.






31. Taxes that governments place on the importation of certain items.






32. Refers to how easy a commodity is to pack into a load.






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






34. Inventories that are used or distributed together (e.g. razor blades and razors).






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






36. 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.






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






38. A facility temporarily established at the site of inventory; the warehouser assumes custody of the inventory and issues a receipt for it - which can then be used as collateral for a loan.






39. Breaking larger quantities into smaller quantities.






40. 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.






41. The shipper of goods.






42. A small platform (made of plastic - steel - or wood) on which goods are placed for handling by mechanical means.






43. Products that customers view as being able to fill the same need or want as another product.






44. Generates and uses few or no paper documents and relies on technology to accomplish the relevant tasks.






45. An organization's ability to address unexpected operational situations.






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






47. Refers to the amount of product entering and leaving a facility in a given time period.






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






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






50. Restrictions other than tariffs that are placed on imported products.