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






2. Products are produced after receiving a customer order.






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






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






5. Utilizes sophisticated quantitative techniques to find hidden patterns in large volumes of data.






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






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






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

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9. Boxes or other containers secured to a pallet or slip sheet.






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






11. Analyzing the impacts of small changes - such as adding or subtracting one unit of input.






12. Prohibition of trade between particular countries.






13. A U.S. federal agency that regulates workplaces to ensure the safety of workers.






14. The cost of giving up an alternative opportunity.






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






16. Breaking larger quantities into smaller quantities.






17. An alternative name for airfreight containers.






18. Logistics Information System






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






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






21. A document used in cross-border trade that summarizes the entire transaction and contains key information such as a description of the goods - terms of sale and payments - and so on.






22. An inventory system that responds to forecasted (rather than actual) customer demand.






23. Allow companies to produce digital maps that can drill down to site-specific qualities such as bridge heights.






24. A body of facts in a format suitable for decision making.






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






26. The number of times an inventory is used or replaced each year.






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






28. Bringing together inventory from different sources.






29. The seller pays the freight charges - but the buyer owns the goods in transit.






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






31. The pick location is brought to the picker (e.g. - carousels).






32. The use of radio frequency to identify objects that have been implanted with an RFID tag.






33. Satisfying current and emerging customer needs.






34. Cartels of all ocean vessel operators operating between certain trade areas.






35. Money paid before an exchange.






36. Product for which there is no demand.






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






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






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






40. An order picker goes to where the product is located (e.g. - a forklift).






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






42. A charge assessed by rail carriers to users that fail to unload and return vehicles or containers promptly.






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






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






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






46. A company discontinues operations at a current site because the operations are no longer needed or can be absorbed by other facilities.






47. aka bulk-breaking






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






49. Companies whose primary business is other than transportation provide their own transportation service by operating truck - railcars - barges - ships - or airplanes.






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