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Test your basic knowledge |
Logistics Vocab
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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. Companies whose primary business is other than transportation provide their own transportation service by operating truck - railcars - barges - ships - or airplanes.
private carrier
centralized logistics organization
make-to-stock
LSP (Logistics Service Provider)
2. Refers to systems that consider the return flow of products - their reuse - and the marketing and distribution of recovered products.
postponement
closed-loop systems
inventory tax
maverick spending
3. The delay of value-added activities such as assembly - production - and packaging to the latest possible time.
postponement
disintermediation
nontariff barriers
TOFC (trailer on flatcar)
4. The process of determining how a shipment will be moved between consignor and consignee or between place of acceptance by the carrier and place of delivery to the consignee.
CPFR (Collaborative planning - forecasting - and replenishment)
benchmarking
packaging
routing
5. A strategic orientation where a diverse group of logistics activities - together with other activities - are managed as a channel system.
wireless communication
simulation
information (channel) strategy
supply chain
6. Nonprofit membership cooperatives that perform basically the same function as freight forwarders.
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7. Classifying orders according to pre-established guidelines so that a company can prioritize how orders should be filled.
co-branding
dead inventory (stock)
detention
order triage
8. Similar to diversion - but it occurs after the shipment has arrived in the destination city.
reconsignment
nodes
data mining
bulk-making
9. A buyer invites bids from multiple sellers - and the seller with the lowest bid is often awarded the business.
reverse auctions
benchmarking
inventory tax
fixed slot location
10. Movement and storage of raw materials - parts - and components within a firm.
materials management
containers
piggyback transportation
industry systems analysis
11. An order that simultaneously achieves relevant customer metrics.
ROP (reorder point)
'C-level' position
perfect order
fixed slot location
12. Refers to the amount of product entering and leaving a facility in a given time period.
Container Security Initiative (CSI)
weight-gaining product characteristics
free (foreign) trade zone
throughput
13. Inventories that are used or distributed together (e.g. razor blades and razors).
judgmental forecasting
complementary products
batch number
time utility
14. All activities associated with the flow and transformation of goods from the raw material stage - through to the end user - as well as the associated information flows.
supply chain
decentralized logistics organization
customer satisfaction
ocean carrier alliances
15. A long-term arrangement between a shipper and another party to provide logistics services.
contract logistics
system security
international freight forwarders
shippers' associations
16. Product for which there is no demand.
dead inventory (stock)
center-of-gravity approach
materials management
order delivery
17. Each product is assigned a specific location in a warehouse and is always stored there.
total cost approach
fixed slot location
fixed order quantity system
public warehousing
18. A practice that emphasizes the virtual elimination of business errors that strives to achieve 3.4 defects - deficiencies - or errors per one million opportunities.
Six Sigma
GSCF model
time series forecasting
accessorial service
19. Refer to the manner by which a seller will be paid by a buyer for an international transaction.
unitization
terms of payment
C-TPAT (Customs Trade Partnership Against Terrorism)
nesting
20. A uniform sealed reusable metal 'box' in which goods are shipped.
containers
third-party logistics (logistics outsourcing)
pure materials
closed-loop systems
21. Compares actual experience to the expected experience and if the actual experience equals or exceeds the expected experience - then the customer is satisfied.
order picking and assembly
customer satisfaction
regrouping function
Tactical (planning time horizon)
22. 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.
kickbacks
expediting
product recall
flexibility
23. Flatboard boat used to transport heavy products.
cross-docking
place utility
barge
density
24. Often accompanies an SED and provides explicit shipment instructions.
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25. Inventory needed to satisfy demand during an order cycle.
routing
Bill of Lading
cycle (base) stock
terms of sale
26. Transportation service that is supplemental to line-haul transportation.
accessorial service
comprehensive systems analysis
push inventory system
ISO 9000
27. A strategic orientation in which traditional logistics activities are managed as a value-added system.
process strategy
SCM (Supply Chain Management)
data mining
density
28. The seller owns the goods in transit - prepays the freight charges - and bills the buyer for the freight charges.
barge
allocating
FOB destination - freight prepaid and charged back
order fill rate
29. Refers to how easy a commodity is to pack into a load.
stowability
public warehousing
EDI (Electronic Data Interchange)
warehousing
30. A carrier or public facility where freight (or passengers) is shifted between vehicles or modes.
DOT (Department of Transportation)
information
partial systems analysis
terminal
31. The buyer pays the freight charges when the goods arrive - and the seller owns the goods while they are in transit.
FOB destination - freight collect
landed costs
GPS (Global positioning systems)
import quotas
32. Truck trailers of flatcars.
mass logistics
TOFC
international freight forwarders
process strategy
33. Prohibition of trade between particular countries.
SKU (stock-keeping unit)
theft
demurrage
embargoes
34. The documents associated with transportation shipments.
documentation
weight break
letter of credit
rail gauge
35. An alternative name for airfreight containers.
information (channel) strategy
unit load devices
systems analysis
ERP (Enterprise Resource Planning system)
36. Strives to keep customers happy and creates in the customer's mind the perception of an organization that is easy to do business with.
Consignor
expatriate workers
customer service
transportation management
37. The time from when the customer places or sends the order to when the seller receives it.
fragmented logistics structure
stockout cost
tailored logistics
order transmittal
38. Occurs in delivered pricing when a buyer pays an excessive freight charge calculated into the price of the goods.
phantom freight
LSP (Logistics Service Provider)
line-haul
STB (Surface Transportation Board)
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.
WMS (Warehouse Management Systems)
Incoterms 2000
responsiveness
diversion
40. Refers to corporate officers such as a chief executive officer (CEO) - chief operating officer (COO) - or chief financial officer (CFO).
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41. 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.
fourth-party logistics (lead logistics provider)
expediting
fixed order interval system
intermodal competition
42. Collects and stores information about transactions and may also control some aspects of transactions.
transaction processing system
GDP
stowability
broker
43. A cartel consisting of nearly all the world's scheduled international airlines.
Consignor
data mining
contract (third-party) warehousing
International Air Transport Association (IATA)
44. The seller pays the freight charges and also owns the goods in transit. The is what is generally referred to as FOB destination pricing.
push inventory system
FOB destination - freight prepaid
Consignor
supplier parks
45. Provides guidance in terms of a preferred list of carriers for shipments moving between two points.
routing guide
facility relocation
SCOR (Supply-Chain Operations Reference Model)
freight absorption
46. A U.S. federal agency that regulates workplaces to ensure the safety of workers.
perfect order
commodity rate
OSHA (Occupational Safety and Health Administration)
kickbacks
47. Bringing together inventory from different sources.
expediting
landed costs
GSCF
bulk-making
48. The removal of levels (layers) from a channel of distribution.
FOB origin - freight prepaid and charged back
market strategy
disintermediation
backhaul
49. A warehousing facility that is owned or occupied on a long-term lease by the firm using it.
ocean carrier alliances
order transmittal
private warehousing
Container Security Initiative (CSI)
50. Facts or recorded measures of certain phenomena.
VMI (vendor-managed inventory)
contract logistics
load center
data