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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. Having products available when they are needed by customers.






2. Computer-to-computer transmission of business data in a structured format.






3. A substance or material in a quantity and form that may pose an unreasonable risk to health and safety or property when transported in commerce.






4. Refers o cargo stowed loose - without specific packing - and generally handled with a pump - scoop - or shovel.






5. Raw materials - component parts - and supplies brought from outside organizations to support a company's operations.






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






7. Refers to software that users access on a per-use basis instead of software they own or license for installation.






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


9. State laws that specify that a worker does not have to join the union to work permanently at a facility.






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






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






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






13. Day-to-day decision making - Operations controlled against standards and rules - Control via weekly/monthly reports - The implementation of the operational plan






14. The number of tons times the number of miles.






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






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






17. Terms of sale for international transactions that represent - from the seller's viewpoint - the different locations - or stages - for quoting a price to an overseas buyer.






18. Refers to a combination of water transportation and surface transportation between an origin and destination port.






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






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






21. 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.






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






23. A facility temporarily established at the site of inventory; the warehouser assumes custody of the inventory and issues a receipt for it - which can then be used as collateral for a loan.






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






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






26. A relational exchange approach involving a limited number of suppliers.






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






28. Strives to keep customers happy and creates in the customer's mind the perception of an organization that is easy to do business with.






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






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






31. Similar to diversion - but it occurs after the shipment has arrived in the destination city.






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






33. Transport products that are ground into a powder - mixed with water - and then shipped in slurry form through a pipeline.






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






35. The time span within which a scheduled delivery must be made.






36. Refers to alphanumeric identification that specifies where a product was processed or manufactured.






37. Characterized by variability in demand orders among supply chain participants.






38. The removal of levels (layers) from a channel of distribution.






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






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






41. Restrictions other than tariffs that are placed on imported products.






42. Concept that recognizes that because inventories are not of equal value to a firm - they should not be managed in the same way.






43. Materials requested by a customer that are unavailable for shipment at the same time as the reminder of the order. They are usually shipped when available.






44. General contractor that ensures that third-party logistics companies are working toward relevant supply chain goals and objectives.






45. Seeks to minimize inventory by reducing (if not eliminating) safety stock - as well as having the required amount of materials arrive at the production location at the exact time they are needed.






46. A small platform (made of plastic - steel - or wood) on which goods are placed for handling by mechanical means.






47. A location technique utilizing a map or grid - with specific locations marked on the north-south and east-west axes. Its purpose is to find a location that minimizes transportation costs.






48. Refers to the number of carriers within each mode.






49. 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.






50. Logistics activities are managed in multiple departments throughout an organizations.