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. A carrier or public facility where freight (or passengers) is shifted between vehicles or modes.






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






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






4. The management of the various activities associated with the order cycle.






5. Having products available where they are needed by customers.






6. The time from when the seller receives an order until an appropriate location is authorized to fill the order.






7. 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.






8. The time from when the customer places or sends the order to when the seller receives it.






9. A long-term arrangement between a shipper and another party to provide logistics services.






10. Money paid before an exchange.






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






12. Assemble small shipments into a single - larger shipment.






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






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






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






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






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






18. Flatboard boat used to transport heavy products.






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






20. A long-term arrangement between a shipper and another party to provide logistics services that is characterized by relational focus - a focus on mutual benefits - and the availability of customized offerings.






21. A warehouse with an emphasis on quick throughput - such as is needed in supporting marketing efforts.






22. Being out of an item at the same time there is a willing buyer for it.






23. Having products available when they are needed by customers.






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






25. Facilitators that make the channel function better.






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






27. Refers to logistical activities associated with goods that move across national boundaries.






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






29. Prohibition of trade between particular countries.






30. In transportation - a small quantity or small package.






31. Facts or recorded measures of certain phenomena.






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






33. Refers to the amount of product entering and leaving a facility in a given time period.






34. Changes to one logistics activity cause some costs to increase and others to decrease.






35. Refers to software that has been developed for managers to deal with specifics logistics functions or activities (e.g. transportation management systems)






36. 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.






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






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






39. A cartel consisting of nearly all the world's scheduled international airlines.






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






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






42. A process for returning a customer to a state of satisfaction after a service or product has failed to live up to expectations.






43. Retailers that are characterized by large market share and low prices.






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






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






46. The seller pays the freight charges in advance but bills the buyer for them. The buyer owns the goods in transit.






47. Logistics Information System






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






49. Inventory is replenished with a set quantity every time it is ordered; the time interval between orders may vary.






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