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






2. A body of facts in a format suitable for decision making.






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






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






5. A technique used to model the systems under study - typically using mathematical equations to represent relationships among components of a logistics system.






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






7. The shipper of goods.






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






9. The need to rapidly move a shipment to its final destination.






10. Companies whose primary business is other than transportation provide their own transportation service by operating truck - railcars - barges - ships - or airplanes.






11. Actual physical movement of goods and people between two points.






12. A buyer invites bids from multiple sellers - and the seller with the lowest bid is often awarded the business.






13. The distance between the inner sides of two parallel rail tracks.






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






15. Satisfying current and emerging customer needs.






16. A charge assessed by rail carriers to users that fail to unload and return vehicles or containers promptly.






17. The orderly and planned observation of one or more segments in the logistics network or supply chain.






18. Strategic - Tactical - Operational






19. Mixes attributes of public and contract warehousing; services are more differentiated than a public facility but less customized than in a contract facility.






20. Refers to the number of transportation modes available to prospective users.






21. Stock that exceeds the reasonable requirements of an organization.






22. Facilitators that make the channel function better.






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






24. Similar to diversion - but it occurs after the shipment has arrived in the destination city.






25. Collects and stores information about transactions and may also control some aspects of transactions.






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






27. Products are produced after receiving a customer order.






28. For-hire carriers that have been exempted from economic regulation through provisions in various pieces of legislation.






29. Aka bulk-making






30. Breaking larger quantities into smaller quantities.






31. An agreement in which the world's ports agree to allow U.S. customs agents to identify and inspect high-risk containers bound for the United States before they are loaded onto ships.






32. A group of forecasting techniques that is based on the idea that future demand is solely dependent on past demand.






33. An analysis of workers' productivity over short periods of time. Each worker is assigned specific duties that he or she should be able to complete during the time period provided.






34. Retail industry initiative where trading partners share planning and forecasting data to better match supply and demand.






35. Refers to how easy a commodity is to pack into a load.






36. Procurement activities that meet the ethical and discretionary responsibilities expected by society.






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






38. Cargo on which taxes or duties have yet to be paid. The owner must post a bond or use a bonded carrier or warehouse to guarantee that the materials will not be sold until the taxes or duties are paid.






39. 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






40. These are materials that are no longer serviceable - have been discarded - or are a by-product of the production process.






41. Movement and storage of raw materials - parts - and components within a firm.






42. 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.






43. Raw materials - component parts - and supplies brought from outside organizations to support a company's operations.






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






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






46. Building up a variety of different products for resale to a particular customer.






47. Contains relevant export transaction data such as the transportation mode(s) - transaction participants - and description of what is being exported.

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48. Conformance to mutually agreed upon requirements.






49. That part of a firm's logistics system that stores products at and between points of origin and point of consumption.






50. The time from when the customer places or sends the order to when the seller receives it.