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






2. A practice that emphasizes the virtual elimination of business errors that strives to achieve 3.4 defects - deficiencies - or errors per one million opportunities.






3. Assemble small shipments into a single - larger shipment.






4. 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.






5. Breaking larger quantities into smaller quantities.






6. 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.






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






8. Locations that contain chemicals or other types of industrial wastes.






9. 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.






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






11. Inventory is replenished on a constant - set schedule and is always ordered at a specific time; the quantity ordered varies depending on forecasted sales before the next order date.






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






13. Fixed facilities - such as a plant - warehouse - or store - in a logistics system.






14. Employee theft.






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






16. An alternative name for airfreight containers.






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






18. An international payment option that is issued by a bank and guarantees payment to a seller provided that the seller has complied with the applicable terms and conditions of the particular transaction.






19. Numbers assigned to various types of freight - based mainly on the carrier's costs of handling that type of product - and - along with weight and distance - used as a basis for determining the costs of shipment.






20. Companies that specialize in transporting parcels or small packages.






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






22. The creation across the supply chain and its markets of coordinated flow of demand. The three basic types of forecasting models are: 1-judgmental - 2-time series - 3-cause and effect.






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






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






25. An organization maintains a single logistics department that administers the related activities for the entire company from the home office.






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






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






28. People - equipment - and procedures to gather - sort - analyze - evaluate - and distribute needed - timely - and accurate information to logistics decision makers.






29. Groups of customers with similar logistical needs and wants are provided with logistics service appropriate to those needs and wants.






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






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






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






33. An individual or firm in the business of carrying cargo or passengers.






34. A company that helps both shipper and carrier achieve lower freight rates and more efficient utilization of carrier equipment. Brokers also help match carriers to loads.






35. An organization's ability to address unexpected operational situations.






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






37. A uniform sealed reusable metal 'box' in which goods are shipped.






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






39. Materials that lose no weight in processing.






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






41. Aka bulk-making






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






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






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






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






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






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






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






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






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