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. That part of a firm's logistics system that stores products at and between points of origin and point of consumption.






2. Bill of Lading






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






4. Refers to an alliance in the container trades in which ocean carriers retain their individual identities but cooperate in the area of operations.






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






6. Refers to removing impediments to the flow of information and goods.






7. An analysis of workers' productivity over short periods of time. Each worker is assigned specific duties that he or she should be able to complete during the time period provided.






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






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






10. Prohibition of trade between particular countries.






11. Pricing that includes both the price of the product and the transportation cost of the product to the purchaser's receiving dock.






12. Contains relevant export transaction data such as the transportation mode(s) - transaction participants - and description of what is being exported.

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13. A transportation manager who purchases a prespecified level of transportation service and is indifferent to the mode(s) or carrier(s) used to provide the actual transportation service.






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






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






16. Involves rearranging the quantities and assortment of products as they move through the supply chain.






17. In international trade - a firm that provides carrier services to shippers but owns no vessels itself.






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






19. 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.






20. Inventory that is in route between various nodes in a logistics system.






21. An order size that minimizes the sum of carrying and ordering costs.






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






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






24. Creating - maintaining - and enhancing strong relationships with customers and other stakeholders.






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






26. A product that gains weight in processing; the processing point should be close to the market.






27. Refers to the allocation of revenues and costs to customer segments or individual customers to calculate the profitability of the segments or customers.






28. Similar to the center-of-gravity locational approach - except that shipping volumes are also taken into account.






29. Assumes that one or more factors are related to demand - and the relationship between cause and effect can be used to estimate future demand.






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






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






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






33. Mixes attributes of public and contract warehousing; services are more differentiated than a public facility but less customized than in a contract facility.






34. Materials used for the containment - protection - handling - delivery - and presentation of goods.






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






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






37. Goods that flow from the consumer to the manufacturer (e.g. - product recalls and product recycling).






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






39. Truck trailers on flatcars - also referred to as TOFC.






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






41. Product for which there is no demand.






42. A carrier's attempt to determine a shipment's location during the course of its move.






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






44. An international trade specialist that can handle either vessel shipments or air shipments and that offers a number of different functions such as booking space on carriers - obtaining consular documents - and arranging for insurance - among other






45. Packaging tapered articles inside each other to reduce the cubic volume of the entire shipment.






46. Use satellites that allow companies to compute vehicle positions - velocity - and time.






47. Their intent is to incorporate nonbusiness factors (e.g. - cost of living - crime rate - educational opportunities) into the decision of where to locate a plant or distribution facility.






48. Money paid before an exchange.






49. Emphasizes a speed or time component.






50. Positive - long-term relationships between supply chain participants.