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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. Nonprofit membership cooperatives that perform basically the same function as freight forwarders.

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






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






4. Simulation of the types of problems that the package will be exposed to in warehouses and in transit.






5. The delay of value-added activities such as assembly - production - and packaging to the latest possible time.






6. Key suppliers locate on - or adjacent to - automobile plants - which helps reduce shipping costs and inventory carrying costs.






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






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






9. Refers to forecasting that involves judgment or intuition and is preferred in situations where there is limited - or no - historical data.






10. Emphasizes a speed or time component.






11. The most important single transportation document that is the operating document in the industry.






12. Refer to materials that are not likely to ever be used by the organization that purchased it.






13. Transportation service that is supplemental to line-haul transportation.






14. Compares actual experience to the expected experience and if the actual experience equals or exceeds the expected experience - then the customer is satisfied.






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






16. A measure of how heavy a product is in relation to its size.






17. Refers to security throughout the entire supply chain.






18. A system in which the size and timing of replenishment orders into a retailer's system are the manufacturer's responsibility.






19. Measurement that ensures conformity with an organization's policies - procedures - or standards.






20. 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.






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






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






23. These help various stake-holders to work together by interacting and sharing information in many different forms.






24. Refers to communication without cables and cords - and includes infrared - microwave - and radio transmissions.






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






26. A flat sheet of either fiberboard material or plastic that is placed under the unit load.






27. A product that loses weight during the production process; the processing point as near to its origin as possible.






28. A major port where thousands of containers arrive and depart per week. These ports specialize in the efficient handling of containers.






29. Refers to the number of transportation modes available to prospective users.






30. 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.






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






32. Bringing together inventory from different sources.






33. The receiver of a shipment.






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






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






36. The movement and storage of materials into a firm.






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






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






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






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






41. Companies that specialize in providing various types of logistics services.






42. A system in which products are stored wherever there is empty space available in a warehouse.






43. Helps managers make decisions by providing information - models - or analysis tools.






44. Price of the product at seller's place of business. Buyer must arrange for transportation of the product from the seller's place of business.






45. A strategic orientation where a diverse group of logistics activities - together with other activities - are managed as a channel system.






46. Breaking larger quantities into smaller quantities.






47. Refers to the value or usefulness that comes from a customer being able to take possession of a product.






48. Emphasize the storage of products and their primary purpose is to maximize usage of available storage space.






49. 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.






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







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