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. Satisfying current and emerging customer needs.






2. The orderly and planned observation of one or more segments in the logistics network or supply chain.






3. A group of forecasting techniques that is based on the idea that future demand is solely dependent on past demand.






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






5. The orders to be picked are identified by lights placed on shelves or racks.






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






7. Fixed facilities - such as a plant - warehouse - or store - in a logistics system.






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






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






10. A return trip or movement in a direction of secondary importance or purpose.






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






12. Includes all activities from when an appropriate location is authorized to fill an order until goods are loaded aboard an outbound carrier.






13. Looks at a single aspect of logistics - such as a time-and-motion study of individuals who handle incoming freight at a receiving dock.






14. The seller owns the goods in transit - prepays the freight charges - and bills the buyer for the freight charges.






15. Uses the internet to make it easier - faster - and less expensive for an organization to purchase goods and services.






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

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17. A document that notifies a transportation carrier of wrong or defective deliveries - delay - or other delivery shortcoming.






18. The shipper of goods.






19. A relational exchange approach involving a limited number of suppliers.






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






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






22. A degree of aggressive procurement involvement not normally encountered in supplier selection.






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






24. An agreement in which the world's ports agree to allow U.S. customs agents to identify and inspect high-risk containers bound for the United States before they are loaded onto ships.






25. 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.






26. Product for which there is no demand.






27. Movement and storage of raw materials - parts - and components within a firm.






28. The shipment size that equates transportation charges for different rates and weight groups.






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






30. The costs of holding an inventory - such as interest on investment - insurance - deterioration - and so on.






31. A set of generic standards used to document - implement - and demonstrate quality management and assurance systems.






32. Material that is used to block and brace products inside carrier equipment to prevent the shipment from shifting in transit and becoming damaged.






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






34. A type of contract logistics that focuses on providing unique and specially tailored warehousing services to particular clients.






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






36. Materials that lose no weight in processing.






37. Inventory that is held in addition to cycle stock to guard against uncertainties in supply and/or lead time.






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






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






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






41. 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.






42. A buyer invites bids from multiple sellers - and the seller with the lowest bid is often awarded the business.






43. Using measures of another organization's performance to judge one's own performance.






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






45. An international logistics specialist that custom packs shipments when the exporter lacks the equipment or expertise to do so itself.






46. 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.






47. Products are produced prior to receiving a customer order.






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






49. An invoice submitted by a transportation carrier requesting to be paid.






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