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. Stocks of goods and materials that are maintained for many purposes.






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






3. These are material that have been spoiled - broken - or otherwise rendered unfit for further use or reclamation.






4. A degree of aggressive procurement involvement not normally encountered in supplier selection.






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






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






7. Refers to a situation in which a hazard or defect is discovered in a manufactured or processed item - and its return is mandated by a government agency.






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






9. Inventory that is held for several reasons such as seasonal demand - projected price increases - and potential product shortages.






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


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






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






13. The documents associated with transportation shipments.






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






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






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






17. Cooperative - formal or informal supply chain relationships between manufacturing companies and their suppliers - business partners - or customers - developed to enhance the overall business performance of both sides.






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






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






20. 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.






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






22. Classifying orders according to pre-established guidelines so that a company can prioritize how orders should be filled.






23. Using a container that can be transferred from the vehicle of one mode to a vehicle of another - and with the movement covered under a single bill of lading.






24. Provides specialized service to each customer based on a contractual arrangement.






25. Refers to warehousing situations where goods are not released until applicable fees are paid. As an example - Internal Revenue Service - bonded warehouses hold goods other federal taxes and fees collected.






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






27. aka bulk-breaking






28. Are similar to credit cards for personal use - only p-cards are used for organizational purchases.






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






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






31. Manufacturing plants that exist just south of the U.S.-Mexican border.






32. Provide effective ways to process personal and organizational business data - to perform calculations - and to create documents.






33. 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.






34. Taking and removing personal property with the intent to deprive the rightful owner of it.






35. Looks at a single aspect of logistics - such as a time-and-motion study of individuals who handle incoming freight at a receiving dock.






36. 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.






37. Refers to choosing the locations for distribution centers - warehouses - and production facilities to facilitate logistical effectiveness and efficiency.






38. The time from when a transportation carrier picks up the shipment until it is received by the customer.






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






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






41. Global Supply Chain Forum






42. Conformance to mutually agreed upon requirements.






43. The science that seeks to adapt work or working conditions to suit the abilities of the worker.






44. A framework that identifies five key processes - plan - source - make - deliver - return - associated with supply chain management.






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






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






47. Flatboard boat used to transport heavy products.






48. The shipment size that equates transportation charges for different rates and weight groups.






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






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