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






2. 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.






3. A one-size-fits-all approach in which every customer gets the same type and levels of logistics service.






4. Similar to common carriers in that public warehousing serves all legitimate users and has certain responsibilities to this users.






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






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






7. Refers to forecasting that involves judgment or intuition and is preferred in situations where there is limited - or no - historical data.






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






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






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






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






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






13. The buyer pays freight charges and owns the goods in transit. This is the most common FOB origin term.






14. The depth in the water to which a vessel can be loaded.






15. One location where customers can purchase products from two or more name-brand retailers.






16. Logistics Information System






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






18. Transportation carrier that has agreed to serve the general public and assumes four legal obligations: service - delivery - reasonable rates - and avoidance of discrimination.






19. These help various stake-holders to work together by interacting and sharing information in many different forms.






20. Specifies the country(ies) in which a product is manufactured.






21. 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






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






23. The percentage of orders that can be completely and immediately filled from existing stock.






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






25. Truck trailers of flatcars.






26. A major port where thousands of containers arrive and depart per week. These ports specialize in the efficient handling of containers.






27. 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.






28. Requires a certain percentage of traffic to move on a nation's flag vessels.






29. Costs to seller when it is unable to supply an item to a customer ready to buy.






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






31. Inventories that are used or distributed together (e.g. razor blades and razors).






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






33. The degree to which an organization can accommodate unique or unplanned customer requests.






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






35. An area - usually near a port or an airport - where goods can be stored or processed before entering through the importing nation's customs inspections.






36. Logistics-related decisions are made separately at the divisional or product group level and often in different geographic regions.






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






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






39. 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.






40. Unused available space.






41. Plastic wrapping that when heated shrinks in size to form a cover over the product.






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






43. Helps managers make decisions by providing information - models - or analysis tools.






44. Focuses on an organization's ability to respond to changes in demand with respect to volume and variety.






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






46. An invoice submitted by a transportation carrier requesting to be paid.






47. Each separate type of item that is accounted for in an inventory.






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






49. According to the Council of Supply Chain Management Professionals - SCM encompasses the planning and management of all activities involved in sourcing and procurement - conversion - and all logistics management activities. Importantly - it also i






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