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






2. Refers to choosing the locations for distribution centers - warehouses - and production facilities to facilitate logistical effectiveness and efficiency.






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






4. Organizations that exploit workers and that do not comply with fiscal and legal obligations toward employees.






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






6. Conformance to mutually agreed upon requirements.






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






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






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






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






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

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12. According to the Council of Supply Chain Management Professionals - SCM encompasses the planning and management of all activities involved in sourcing and procurement - conversion - and all logistics management activities. Importantly - it also i






13. Involves rearranging the quantities and assortment of products as they move through the supply chain.






14. Situation where a process - procedure - or system yields less than the best possible outcome or output - caused by a lack of best possible coordination between different components - elements - parts - etc.






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






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






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






18. Mixes attributes of public and contract warehousing; services are more differentiated than a public facility but less customized than in a contract facility.






19. An international payment option that is issued by a bank and guarantees payment to a seller provided that the seller has complied with the applicable terms and conditions of the particular transaction.






20. Software packages that control the movement and storage of materials within a warehousing facility.






21. Assumes that one or more factors are related to demand - and the relationship between cause and effect can be used to estimate future demand.






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






23. Day-to-day decision making - Operations controlled against standards and rules - Control via weekly/monthly reports - The implementation of the operational plan






24. Storage of finished product and movement to the customers.






25. Each separate type of item that is accounted for in an inventory.






26. 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.






27. A company that helps both shipper and carrier achieve lower freight rates and more efficient utilization of carrier equipment. Brokers also help match carriers to loads.






28. A product that gains weight in processing; the processing point should be close to the market.






29. Facilitators that make the channel function better.






30. A firm must move operations to another facility to better serve suppliers or customers.






31. The shipper of goods.






32. Absolute limits to the quantity of a product that can be imported into a country during a particular time period.






33. Plastic wrapping that when heated shrinks in size to form a cover over the product.






34. 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.






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






36. 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.






37. A framework that identifies eight relevant processes - such as customer relationship management - demand management - and order fulfillment - associated with supply chain management.






38. Occurs when the shipper notifies the carrier - prior to the shipment's arrival in the destination city - of a change in destination.






39. 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






40. A carrier's attempt to determine a shipment's location during the course of its move.






41. Established in the late 1980s to recognize U.S. organizations for their achievements in quality and performance.






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






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






44. Strategic - Tactical - Operational






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






46. The buying and controlling of transportation services by either a shipper or consignee.






47. Product for which there is no demand.






48. The depth in the water to which a vessel can be loaded.






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






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