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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. The need to rapidly move a shipment to its final destination.
marginal analysis
partnerships
Operational (planning time horizon)
expediting
2. Refers to removing impediments to the flow of information and goods.
economic utility
benchmarking
total cost approach
seamless distribution
3. Terms of sale for international transactions that represent - from the seller's viewpoint - the different locations - or stages - for quoting a price to an overseas buyer.
relationship management
Incoterms 2000
package testing
inventory
4. 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.
ABC (Activity-based costing)
Maquiladora
product recall
exempt carrier
5. Separating products into grades and qualities desired by different target markets.
unit load
VMI (vendor-managed inventory)
speculative stock
sorting
6. Boxes or other containers secured to a pallet or slip sheet.
unit load
CPA (Customer profitability analysis)
Consignee
FOB origin - freight prepaid and charged back
7. 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.
inventory tax
AI
fixed order interval system
process strategy
8. An order picker goes to where the product is located (e.g. - a forklift).
shipper's export declaration (SED)
Container Security Initiative (CSI)
exempt carrier
picker-to-part system
9. Similar to the center-of-gravity locational approach - except that shipping volumes are also taken into account.
private carrier
weighted center-of-gravity approach
cause and effect forecasting
total cost approach
10. Computer-to-computer transmission of business data in a structured format.
grid system
EDI (Electronic Data Interchange)
ABC (Activity-based costing)
warehouse
11. Occurs in delivered pricing when a buyer pays an excessive freight charge calculated into the price of the goods.
contract (third-party) warehousing
phantom freight
load center
system constraints
12. Fixed facilities - such as a plant - warehouse - or store - in a logistics system.
nodes
channel intermediaries
data mining
right-to-work laws
13. Refers to forecasting that involves judgment or intuition and is preferred in situations where there is limited - or no - historical data.
judgmental forecasting
OSHA (Occupational Safety and Health Administration)
closed-loop systems
inventory flow diagram
14. Manufacturing plants that exist just south of the U.S.-Mexican border.
LSP (Logistics Service Provider)
Maquiladora
routing
channel intermediaries
15. Stock that exceeds the reasonable requirements of an organization.
make-to-stock
excess (surplus) materials
reverse auctions
STB (Surface Transportation Board)
16. Refers to an alliance in the container trades in which ocean carriers retain their individual identities but cooperate in the area of operations.
systems analysis
channel intermediaries
decentralized logistics organization
ocean carrier alliances
17. The science that seeks to adapt work or working conditions to suit the abilities of the worker.
productivity
ergonomics
diversion
terms of sale
18. 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.
part-to-picker system
bulk cargo
supply chain
GIS (Graphical Information Systems)
19. Nonprofit membership cooperatives that perform basically the same function as freight forwarders.
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20. Refers to the amount of product entering and leaving a facility in a given time period.
in bond
terminal
reverse logistics
throughput
21. Twenty-foot equivalent unit; a measure of the number of 20-foot containers that are used or handled.
in bond
TEU
associative forecasting
closed-loop systems
22. Truck trailers of flatcars.
embargoes
TOFC
possession utility
broker
23. A return trip or movement in a direction of secondary importance or purpose.
backhaul
Application-specific software
marginal analysis
dunnage
24. Refers to ships that register in nations that have lax maritime registration rules - particularly with respect to safety requirements.
free (foreign) trade zone
reverse auctions
GIS (Graphical Information Systems)
flags of convenience
25. Occurs when the shipper notifies the carrier - prior to the shipment's arrival in the destination city - of a change in destination.
commodity rate
wireless communication
TWIC (Transportation Worker Identification Credential)
diversion
26. In international trade - a firm that provides carrier services to shippers but owns no vessels itself.
Nonvessel-operating common carrier (NVOCC)
package testing
weight-gaining product characteristics
associative forecasting
27. An area - usually near a port or an airport - where goods can be stored or processed before entering through the importing nation's customs inspections.
aperless warehousing
shipping conferences
free (foreign) trade zone
transportation
28. An analysis of workers' productivity over short periods of time. Each worker is assigned specific duties that he or she should be able to complete during the time period provided.
responsiveness
short-interval scheduling
industry systems analysis
relationship management
29. Analyzing the impacts of small changes - such as adding or subtracting one unit of input.
dead inventory (stock)
marginal analysis
systems approach
order picking and assembly
30. The shipper of goods.
Consignor
dimensional (dim) weight
class rate system
shipper's letter of instruction (SLI)
31. An approach for locating a single facility that minimizes the distance to existing facilities.
information
field warehousing
density
center-of-gravity approach
32. Bill of Lading
freight absorption
product recall
BOL
hazardous materials
33. Products are produced after receiving a customer order.
make-to-order
EOQ (Economic Order Quanitity)
scrap materials
power retailer
34. The buyer pays freight charges and owns the goods in transit. This is the most common FOB origin term.
quality
FOB origin - freight collect
import quotas
stockout
35. The most important single transportation document that is the operating document in the industry.
associative forecasting
Bill of Lading
certificate of origin
bribes
36. Refer to materials that are not likely to ever be used by the organization that purchased it.
obsolete materials
public warehousing
center-of-gravity approach
assorting
37. A location technique utilizing a map or grid - with specific locations marked on the north-south and east-west axes. Its purpose is to find a location that minimizes transportation costs.
on-demand software
cube out
grid system
socially responsible procurement
38. Logistics activities are managed in multiple departments throughout an organizations.
fragmented logistics structure
exempt carrier
shipping conferences
supply chain
39. Looks at the entire logistics systems to see how well all of its components function together.
comprehensive systems analysis
exempt carrier
international logistics
complementary products
40. Buyer pays a lower freight charge than the shipper incurs in shipping the product.
rail gauge
freight absorption
amodal shipper
allocating
41. An order size that minimizes the sum of carrying and ordering costs.
load center
inventory tax
EDI (Electronic Data Interchange)
EOQ (Economic Order Quanitity)
42. Refers to software that users access on a per-use basis instead of software they own or license for installation.
throughput
cycle (base) stock
on-demand software
package testing
43. Refers to the value or usefulness that comes from a customer being able to take possession of a product.
supplier development (reverse marketing)
facility location
possession utility
CPA (Customer profitability analysis)
44. A process where product is received in a facility - occasionally married with product going to the same destination - then shipped at the earliest opportunity - without going into long-term storage.
cross-docking
amodal shipper
inventory carrying (holding) costs
letter of credit
45. Depicts the demand for - and replenishment of - inventory.
ISO 9000
DOT (Department of Transportation)
reconsignment
inventory flow diagram
46. Plastic wrapping that when heated shrinks in size to form a cover over the product.
centralized logistics organization
FOB destination - freight collect
shrink-wrap
weight-gaining product characteristics
47. Emphasize the storage of products and their primary purpose is to maximize usage of available storage space.
seamless distribution
FOB origin - freight collect
parcel
warehouse
48. Multiple logistics activities are combined into - and managed as - a single department.
LSP (Logistics Service Provider)
unified logistics structure
SCM (Supply Chain Management)
weighing out
49. Companies that specialize in transporting parcels or small packages.
ABC (Activity-based costing)
bullwhip effect
parcel carriers
rail gauge
50. Materials that lose no weight in processing.
pure materials
excess (surplus) materials
ergonomics
Tactical (planning time horizon)
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