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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. Medium- to long-term horizon - One- to five-year (plus) time span - Overall 'structural' decisions - Trade-offs between company functions - Trade-offs with other organizations - Corporate financial plans and policies - Policy decisions developed into
information (channel) strategy
packaging
Strategic (planning time horizon)
reconsignment
2. Short- to medium-term horizon - Six-month to one-year (plus) time-span - Subsystem decisions are made - - should not impose on other logistics components - Annual budgets provide finance/cost basis - The strategic plan detail is made into an operatio
weight-losing product characteristics
FOB destination - freight prepaid
power retailer
Tactical (planning time horizon)
3. Day-to-day decision making - Operations controlled against standards and rules - Control via weekly/monthly reports - The implementation of the operational plan
certificate of origin
simulation
Operational (planning time horizon)
Consignor
4. Each product is assigned a specific location in a warehouse and is always stored there.
containers
ocean carrier alliances
fixed slot location
EDI (Electronic Data Interchange)
5. For-hire carriers that have been exempted from economic regulation through provisions in various pieces of legislation.
obsolete materials
unified logistics structure
co-branding
exempt carrier
6. Movement and storage of raw materials - parts - and components within a firm.
materials management
order delivery
cause and effect forecasting
picker-to-part system
7. The distance between the inner sides of two parallel rail tracks.
rail gauge
flexibility
WMS (Warehouse Management Systems)
bulk-making
8. A flat sheet of either fiberboard material or plastic that is placed under the unit load.
slip sheet
carrier
suboptimization
BOL
9. Refers to the allocation of revenues and costs to customer segments or individual customers to calculate the profitability of the segments or customers.
ergonomics
Six Sigma
density
CPA (Customer profitability analysis)
10. Transportation carrier that has agreed to serve the general public and assumes four legal obligations: service - delivery - reasonable rates - and avoidance of discrimination.
STB (Surface Transportation Board)
warehousing
short-interval scheduling
common carrier
11. Bringing together inventory from different sources.
bulk-making
order cycle
transaction processing system
order management
12. Strives to keep customers happy and creates in the customer's mind the perception of an organization that is easy to do business with.
customer service
right-to-work laws
classification
intramodal competition
13. Plastic wrapping that when heated shrinks in size to form a cover over the product.
transit time
barge
shrink-wrap
containers
14. Groups of customers with similar logistical needs and wants are provided with logistics service appropriate to those needs and wants.
Six Sigma
tailored logistics
time series forecasting
SCM (Supply Chain Management)
15. The degree to which an organization can accommodate unique or unplanned customer requests.
part-to-picker system
responsiveness
ISO 9000
systems analysis
16. Assumes that one or more factors are related to demand - and the relationship between cause and effect can be used to estimate future demand.
weighted center-of-gravity approach
global procurement (sourcing)
associative forecasting
inventory carrying (holding) costs
17. Goods moving between two points - often accompanied by a live bill of lading.
goods in transit
building-blocks concept
bulk-breaking
picker-to-part system
18. Similar to diversion - but it occurs after the shipment has arrived in the destination city.
CPA (Customer profitability analysis)
WMS (Warehouse Management Systems)
procurement (purchasing)
reconsignment
19. Multiple logistics activities are combined into - and managed as - a single department.
export packers
field warehousing
bonded storage
unified logistics structure
20. Allow companies to produce digital maps that can drill down to site-specific qualities such as bridge heights.
centralized logistics organization
inventory shrinkage
GIS (Graphical Information Systems)
industry systems analysis
21. Materials that lose no weight in processing.
make-to-order
shrink-wrap
pure materials
letter of credit
22. A framework that identifies five key processes - plan - source - make - deliver - return - associated with supply chain management.
private warehousing
SCOR (Supply-Chain Operations Reference Model)
DOT (Department of Transportation)
shipping conferences
23. Truck trailers of flatcars.
bulk-making
TOFC
tailored logistics
Malcolm Baldrige National Quality Award
24. A specific rate for every possible combination of product - weight - and distance.
International Air Transport Association (IATA)
supply chain collaboration
commodity rate
waste materials
25. Analyzing the impacts of small changes - such as adding or subtracting one unit of input.
wireless communication
unit load
reconsignment
marginal analysis
26. Boxes or other containers secured to a pallet or slip sheet.
third-party logistics (logistics outsourcing)
exempt carrier
unit load
ABC (Activity-based costing)
27. The removal of levels (layers) from a channel of distribution.
mass logistics
weight break
scrap materials
disintermediation
28. Employees who are sent to other countries for extended periods of time.
JIT (Just-in-time) approach
speculative stock
expatriate workers
global procurement (sourcing)
29. Often accompanies an SED and provides explicit shipment instructions.
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30. A group of forecasting techniques that is based on the idea that future demand is solely dependent on past demand.
FOB origin - freight collect
export packers
time series forecasting
inventory
31. A carrier or public facility where freight (or passengers) is shifted between vehicles or modes.
fast supply chain
terminal
materials management
slip sheet
32. Bill of Lading
BOL
FOB destination (delivered) pricing
commodity rate
WMS (Warehouse Management Systems)
33. Compares actual experience to the expected experience and if the actual experience equals or exceeds the expected experience - then the customer is satisfied.
class rate system
bullwhip effect
customer satisfaction
unitization
34. The shipper of goods.
unified logistics structure
Consignor
letter of credit
relevancy
35. 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
international freight forwarders
consolidate
electronic procurement (e-procurement)
load center
36. Stocks of goods and materials that are maintained for many purposes.
inventory tax
STB (Surface Transportation Board)
inventory
transit time
37. Stock that exceeds the reasonable requirements of an organization.
export management company
stockout cost
excess (surplus) materials
expediting
38. The time span within which a scheduled delivery must be made.
export packers
order processing
quality-of-life considerations
delivery window
39. Use satellites that allow companies to compute vehicle positions - velocity - and time.
pipeline (in-transit) stock
GPS (Global positioning systems)
carrier
OSHA (Occupational Safety and Health Administration)
40. Emphasizes a speed or time component.
fast supply chain
unitization
information
shipper's letter of instruction (SLI)
41. A document that notifies a transportation carrier of wrong or defective deliveries - delay - or other delivery shortcoming.
opportunity costs
decentralized logistics organization
shippers' associations
freight claims
42. Refers to alphanumeric identification that specifies where a product was processed or manufactured.
batch number
freight claims
warehousing
shipping conferences
43. Facilitators that make the channel function better.
cycle (base) stock
channel intermediaries
time series forecasting
facility relocation
44. A location technique utilizing a map or grid - with specific locations marked on the north-south and east-west axes. Its purpose is to find a location that minimizes transportation costs.
CPFR (Collaborative planning - forecasting - and replenishment)
embargoes
grid system
field warehousing
45. Building up a variety of different products for resale to a particular customer.
procurement (purchasing)
channel intermediaries
assorting
contract carrier
46. A cartel consisting of nearly all the world's scheduled international airlines.
cycle (base) stock
office automation systems
International Air Transport Association (IATA)
VMI (vendor-managed inventory)
47. Refers to logistical activities associated with goods that move across national boundaries.
Six Sigma
reconsignment
international logistics
fixed order interval system
48. Inventory needed to satisfy demand during an order cycle.
suboptimization
system constraints
process strategy
cycle (base) stock
49. Involves rearranging the quantities and assortment of products as they move through the supply chain.
supplier parks
regrouping function
amodal shipper
customs broker
50. Refers o cargo stowed loose - without specific packing - and generally handled with a pump - scoop - or shovel.
partnerships
Application-specific software
bulk cargo
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