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Test your basic knowledge |
Logistics Vocab
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Subject
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business-skills
Instructions:
Answer 50 questions in 15 minutes.
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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. Are similar to credit cards for personal use - only p-cards are used for organizational purchases.
order delivery
p-cards (procurement cards)
unified logistics structure
freight claims
2. Refers to alphanumeric identification that specifies where a product was processed or manufactured.
obsolete materials
accumulating
inventory flow diagram
batch number
3. A flat sheet of either fiberboard material or plastic that is placed under the unit load.
FOB destination - freight prepaid and charged back
slip sheet
shipping conferences
consolidate
4. Satisfying current and emerging customer needs.
bar-code scanners
relevancy
dead inventory (stock)
density
5. Conformance to mutually agreed upon requirements.
fixed slot location
quality
ERP (Enterprise Resource Planning system)
slip sheet
6. State laws that specify that a worker does not have to join the union to work permanently at a facility.
right-to-work laws
Nonvessel-operating common carrier (NVOCC)
procurement (purchasing)
fourth-party logistics (lead logistics provider)
7. Prohibition of trade between particular countries.
embargoes
classification
excess capacity
tariffs
8. A measure of how heavy a product is in relation to its size.
density
delivery window
socially responsible procurement
LSP (Logistics Service Provider)
9. Gross domestic product
LSP (Logistics Service Provider)
intermodal transportation
contract (third-party) warehousing
GDP
10. A firm must move operations to another facility to better serve suppliers or customers.
bulk cargo
facility relocation
facility location
grid system
11. Strives to keep customers happy and creates in the customer's mind the perception of an organization that is easy to do business with.
unit load devices
investment recovery
allocating
customer service
12. The use of speech to guide order-picking activities.
transportation management
bribes
relationship management
voice-based order picking
13. A U.S. government agency with primary responsibility for regulating railroad pricing and service.
International Air Transport Association (IATA)
STB (Surface Transportation Board)
time series forecasting
Consignee
14. Taking and removing personal property with the intent to deprive the rightful owner of it.
Malcolm Baldrige National Quality Award
weight break
terms of payment
theft
15. Cartels of all ocean vessel operators operating between certain trade areas.
waste materials
Container Security Initiative (CSI)
shipping conferences
cross-docking
16. 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.
Consignor
embargoes
commercial invoice
multiclient warehousing
17. Materials used for the containment - protection - handling - delivery - and presentation of goods.
CPFR (Collaborative planning - forecasting - and replenishment)
TOFC (trailer on flatcar)
packaging
communication system
18. The shipment size that equates transportation charges for different rates and weight groups.
inventory carrying (holding) costs
perfect order
communication system
weight break
19. Truck trailers on flatcars - also referred to as TOFC.
power retailer
part-to-picker system
substitute products
piggyback transportation
20. 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.
intermodal transportation
terms of payment
weight-gaining product characteristics
assorting
21. A process for returning a customer to a state of satisfaction after a service or product has failed to live up to expectations.
possession utility
socially responsible procurement
flags of convenience
service recovery
22. Logistics Information System
delivery window
LIS
concealed damage
stowability
23. Boxes or other containers secured to a pallet or slip sheet.
fixed slot location
draft
cube out
unit load
24. Similar to the center-of-gravity locational approach - except that shipping volumes are also taken into account.
weighted center-of-gravity approach
multiclient warehousing
draft
contract logistics
25. Inventory that is held for several reasons such as seasonal demand - projected price increases - and potential product shortages.
ocean carrier alliances
SCOR (Supply-Chain Operations Reference Model)
suboptimization
speculative stock
26. 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.
expatriate workers
bulk cargo
dimensional (dim) weight
back order
27. Refers to the fact that more items are recorded entering than leaving warehouse facilities.
routing
export packers
fast supply chain
inventory shrinkage
28. A charge assessed by rail carriers to users that fail to unload and return vehicles or containers promptly.
pipeline (in-transit) stock
demurrage
scrap materials
FOB destination - freight prepaid and charged back
29. Cargo reaches a vehicle's or a container's weight capacity without filling its cubic capacity.
supplier parks
facility location
weighing out
Consignee
30. Aka bulk-making
freight bill
mass logistics
demand management
accumulating
31. Occurs when a cargo takes up a vehicle's or a container's cubic capacity before reaching its weight capacity.
FOB origin pricing
bonded storage
cube out
comprehensive systems analysis
32. 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.
Malcolm Baldrige National Quality Award
hazardous materials
letter of credit
reconsignment
33. Computer-to-computer transmission of business data in a structured format.
decentralized logistics organization
transit time
place utility
EDI (Electronic Data Interchange)
34. 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.
order fill rate
field warehousing
shippers' associations
shrink-wrap
35. Refers to the allocation of revenues and costs to customer segments or individual customers to calculate the profitability of the segments or customers.
intermodal competition
CPA (Customer profitability analysis)
cycle (base) stock
tracing
36. A cartel consisting of nearly all the world's scheduled international airlines.
postponement
broker
LSP (Logistics Service Provider)
International Air Transport Association (IATA)
37. Allow companies to produce digital maps that can drill down to site-specific qualities such as bridge heights.
warehousing
channel intermediaries
GIS (Graphical Information Systems)
certificate of origin
38. The seller pays the freight charges in advance but bills the buyer for them. The buyer owns the goods in transit.
partial systems analysis
package testing
FOB origin - freight prepaid and charged back
OSHA (Occupational Safety and Health Administration)
39. Use satellites that allow companies to compute vehicle positions - velocity - and time.
GPS (Global positioning systems)
contract carrier
relevancy
delivery window
40. Characterized by variability in demand orders among supply chain participants.
theft
international freight forwarders
STB (Surface Transportation Board)
bullwhip effect
41. Concept that suggests that all relevant activities in moving and storing products should be considered as a whole (i.e. - their total cost) - not individually.
process strategy
information (channel) strategy
freight forwarder
total cost approach
42. The management of the various activities associated with the order cycle.
order management
RFID (radio-frequency identification)
responsiveness
reconsignment
43. Facts or recorded measures of certain phenomena.
landed costs
inventory turnover
TOFC
data
44. Breaking larger quantities into smaller quantities.
bulk-breaking
freight bill
pick-to-light technology
TWIC (Transportation Worker Identification Credential)
45. Refers to the value or usefulness that comes from a customer being able to take possession of a product.
possession utility
barge
OSHA (Occupational Safety and Health Administration)
assorting
46. An inventory system that responds to actual (rather than forecasted) customer demand.
pull inventory system
transportation
benchmarking
materials management
47. A degree of aggressive procurement involvement not normally encountered in supplier selection.
materials management
back order
package testing
supplier development (reverse marketing)
48. Measurement that ensures conformity with an organization's policies - procedures - or standards.
information (channel) strategy
certificate of origin
contract (third-party) warehousing
control
49. The short-distance movement of material between two or more points.
slurry systems
materials handling
empowerment zone
intermodal transportation
50. Price of the product at seller's place of business. Buyer must arrange for transportation of the product from the seller's place of business.
multiclient warehousing
weight-gaining product characteristics
short sea shipping
FOB origin pricing
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