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






2. One location where customers can purchase products from two or more name-brand retailers.






3. Piggyback traffic - or loading truck trailers onto rail flatcars.






4. The elapsed time from when an order is picked up by a transportation carrier until it is received by the customer.






5. People - equipment - and procedures to gather - sort - analyze - evaluate - and distribute needed - timely - and accurate information to logistics decision makers.






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






7. Refers to buying components and inputs anywhere in the world.






8. Satisfying current and emerging customer needs.






9. 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.






10. Companies whose primary business is other than transportation provide their own transportation service by operating truck - railcars - barges - ships - or airplanes.






11. Identifies opportunities to recover revenues or reduce costs associated with scrap - surplus - obsolete - and waste materials.






12. A uniform sealed reusable metal 'box' in which goods are shipped.






13. A payment from a shipper or consignee to a truck carrier for having kept the carrier's equipment too long.






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






15. Cargo reaches a vehicle's or a container's weight capacity without filling its cubic capacity.






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






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






18. The use of radio frequency to identify objects that have been implanted with an RFID tag.






19. Each product is assigned a specific location in a warehouse and is always stored there.






20. Short- to medium-term horizon - Six-month to one-year (plus) time-span - Subsystem decisions are made - - should not impose on other logistics components - Annual budgets provide finance/cost basis - The strategic plan detail is made into an operatio






21. The percentage of orders that can be completely and immediately filled from existing stock.






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






23. Factors in the system that cannot be changed for various reasons.






24. 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.






25. A small device that responds to radio signals from an outside source.






26. 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.






27. An inventory system that responds to actual (rather than forecasted) customer demand.






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






29. The degree to which an organization can accommodate unique or unplanned customer requests.






30. A U.S. federal agency that regulates workplaces to ensure the safety of workers.






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






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






33. Refers to corporate officers such as a chief executive officer (CEO) - chief operating officer (COO) - or chief financial officer (CFO).

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34. The term associated with the handling of unit loads.






35. A document used in cross-border trade that summarizes the entire transaction and contains key information such as a description of the goods - terms of sale and payments - and so on.






36. Damage that is not initially apparent but is discovered after a package is opened.






37. 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.






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






39. 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.






40. Logistics Information System






41. Building up a variety of different products for resale to a particular customer.






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






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






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






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






46. An inventory system that responds to forecasted (rather than actual) customer demand.






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






48. Classifying orders according to pre-established guidelines so that a company can prioritize how orders should be filled.






49. Elapsed time between a customer places an order and when the goods are received.






50. Stocks of goods and materials that are maintained for many purposes.