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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.
If you are not ready to take this test, you can
study here
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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. Taxes that governments place on the importation of certain items.
CPFR (Collaborative planning - forecasting - and replenishment)
pallet (skid)
FOB origin - freight prepaid and charged back
tariffs
2. Nonprofit membership cooperatives that perform basically the same function as freight forwarders.
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3. A warehouse with an emphasis on quick throughput - such as is needed in supporting marketing efforts.
certificate of origin
building-blocks concept
distribution center
tailored logistics
4. Refers to a combination of water transportation and surface transportation between an origin and destination port.
expediting
WMS (Warehouse Management Systems)
land bridge
slip sheet
5. A system in which products are stored wherever there is empty space available in a warehouse.
reverse logistics
barge
variable slot location
data mining
6. Packaging tapered articles inside each other to reduce the cubic volume of the entire shipment.
nesting
private carrier
Consignee
FOB origin pricing
7. Utilizes sophisticated quantitative techniques to find hidden patterns in large volumes of data.
data
terms of payment
ABC analysis
data mining
8. Created by the U.S. Department of Housing and Urban Development to encourage business development-through various tax credits-in economically depressed portions of cities.
diversion
transportation
international freight forwarders
empowerment zone
9. Provides guidance in terms of a preferred list of carriers for shipments moving between two points.
order triage
freight absorption
routing guide
shipper's letter of instruction (SLI)
10. Breaking larger quantities into smaller quantities.
unit load devices
materials management
JIT (Just-in-time) approach
bulk-breaking
11. Refers o cargo stowed loose - without specific packing - and generally handled with a pump - scoop - or shovel.
bulk cargo
import quotas
class rate system
Operational (planning time horizon)
12. 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.
draft
data mining
order transmittal
export management company
13. Refers to corporate officers such as a chief executive officer (CEO) - chief operating officer (COO) - or chief financial officer (CFO).
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14. Refers to the fact that more items are recorded entering than leaving warehouse facilities.
nesting
inventory shrinkage
third-party logistics (logistics outsourcing)
opportunity costs
15. Each separate type of item that is accounted for in an inventory.
SKU (stock-keeping unit)
GSCF
transportation
commodity rate
16. For-hire carriers that have been exempted from economic regulation through provisions in various pieces of legislation.
exempt carrier
SCM (Supply Chain Management)
VMI (vendor-managed inventory)
private warehousing
17. Specifies the country(ies) in which a product is manufactured.
voice-based order picking
systems analysis
certificate of origin
complementary products
18. Assumes that one or more factors are related to demand - and the relationship between cause and effect can be used to estimate future demand.
cause and effect forecasting
stockout
fast supply chain
kickbacks
19. Costs to seller when it is unable to supply an item to a customer ready to buy.
marginal analysis
wireless communication
empowerment zone
stockout cost
20. Involves rearranging the quantities and assortment of products as they move through the supply chain.
channel intermediaries
broker
order picking and assembly
regrouping function
21. Classifying orders according to pre-established guidelines so that a company can prioritize how orders should be filled.
order triage
EDI (Electronic Data Interchange)
Strategic (planning time horizon)
ERP (Enterprise Resource Planning system)
22. A product that gains weight in processing; the processing point should be close to the market.
public warehousing
import quotas
bulk cargo
weight-gaining product characteristics
23. 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.
ERP (Enterprise Resource Planning system)
materials management
product recall
inventory carrying (holding) costs
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.
public warehousing
Container Security Initiative (CSI)
bar-code scanners
industry systems analysis
25. Analyzing the impacts of small changes - such as adding or subtracting one unit of input.
Incoterms 2000
distribution center
marginal analysis
stowability
26. A charge assessed by rail carriers to users that fail to unload and return vehicles or containers promptly.
bulk cargo
demurrage
relationship management
judgmental forecasting
27. Analogous to personal property taxes paid by individuals - and inventory tax is based on the value of inventory that is held by an organization on the assessment date.
SCOR (Supply-Chain Operations Reference Model)
inventory tax
shippers' associations
materials handling
28. Refers to removing impediments to the flow of information and goods.
customer service
seamless distribution
wireless communication
EDI (Electronic Data Interchange)
29. Procurement activities that meet the ethical and discretionary responsibilities expected by society.
slurry systems
socially responsible procurement
terms of sale
hazardous materials
30. A system in which the size and timing of replenishment orders into a retailer's system are the manufacturer's responsibility.
broker
time utility
WMS (Warehouse Management Systems)
VMI (vendor-managed inventory)
31. The management of the various activities associated with the order cycle.
letter of credit
weighing out
order management
classification
32. A framework that identifies five key processes - plan - source - make - deliver - return - associated with supply chain management.
Operational (planning time horizon)
inventory turnover
brownfields
SCOR (Supply-Chain Operations Reference Model)
33. Logistics-related decisions are made separately at the divisional or product group level and often in different geographic regions.
pipeline (in-transit) stock
supplier parks
possession utility
decentralized logistics organization
34. Refers to the value or usefulness of a product in fulfilling customer needs and wants.
facility location
p-cards (procurement cards)
line-haul
economic utility
35. Transportation carrier that has agreed to serve the general public and assumes four legal obligations: service - delivery - reasonable rates - and avoidance of discrimination.
common carrier
FOB origin pricing
safety (buffer) stock
reverse auctions
36. A technique that seeks to better understand the cost of a product by identifying what activities drive particular costs.
bullwhip effect
ABC (Activity-based costing)
slurry systems
Tactical (planning time horizon)
37. Plastic wrapping that when heated shrinks in size to form a cover over the product.
shrink-wrap
complementary products
FOB origin - freight collect
maverick spending
38. Refers to waterborne transportation that utilizes inland and coastal waterways to move shipments from domestic ports to their destination.
short sea shipping
pipeline (in-transit) stock
economic utility
nodes
39. Contains relevant export transaction data such as the transportation mode(s) - transaction participants - and description of what is being exported.
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40. Identifies opportunities to recover revenues or reduce costs associated with scrap - surplus - obsolete - and waste materials.
investment recovery
right-to-work laws
Tactical (planning time horizon)
inventory carrying (holding) costs
41. Taking and removing personal property with the intent to deprive the rightful owner of it.
theft
stockout
mass logistics
inventory
42. The time from when the seller receives an order until an appropriate location is authorized to fill the order.
OSHA (Occupational Safety and Health Administration)
dimensional (dim) weight
order processing
process strategy
43. Actual physical movement of goods and people between two points.
draft
transportation
variable slot location
process strategy
44. A uniform sealed reusable metal 'box' in which goods are shipped.
brownfields
GSCF
nodes
containers
45. Unused available space.
order cycle
excess capacity
ROP (reorder point)
BOL
46. Material that is used to block and brace products inside carrier equipment to prevent the shipment from shifting in transit and becoming damaged.
time series forecasting
co-branding
dunnage
center-of-gravity approach
47. Inventory needed to satisfy demand during an order cycle.
ABC (Activity-based costing)
cycle (base) stock
warehouse
draft
48. Established in the late 1980s to recognize U.S. organizations for their achievements in quality and performance.
investment recovery
TOFC (trailer on flatcar)
freight bill
Malcolm Baldrige National Quality Award
49. Buyer pays a lower freight charge than the shipper incurs in shipping the product.
FOB destination - freight prepaid and charged back
freight absorption
reverse logistics
delivery window
50. Truck trailers of flatcars.
TOFC
amodal shipper
stowability
ABC analysis