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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. Refers to the value or usefulness of a product in fulfilling customer needs and wants.
economic utility
VMI (vendor-managed inventory)
transponders
export packers
2. Materials used for the containment - protection - handling - delivery - and presentation of goods.
packaging
stockout cost
excess capacity
industry systems analysis
3. Gross domestic product
GDP
SKU (stock-keeping unit)
ABC (Activity-based costing)
contract carrier
4. Involves rearranging the quantities and assortment of products as they move through the supply chain.
line-haul
centralized logistics organization
regrouping function
inventory carrying (holding) costs
5. Inventory needed to satisfy demand during an order cycle.
cost trade-offs
cycle (base) stock
nesting
FOB destination - freight prepaid and charged back
6. The most important single transportation document that is the operating document in the industry.
Bill of Lading
contract logistics
stowability
inventory carrying (holding) costs
7. Global Supply Chain Forum
regrouping function
wireless communication
GSCF
time series forecasting
8. Concept that recognizes that because inventories are not of equal value to a firm - they should not be managed in the same way.
pilferage
unit load devices
ABC analysis
global procurement (sourcing)
9. The delay of value-added activities such as assembly - production - and packaging to the latest possible time.
Consignee
postponement
fixed order quantity system
commercial invoice
10. 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
grid system
simulation
pull inventory system
Strategic (planning time horizon)
11. A uniform sealed reusable metal 'box' in which goods are shipped.
density
containers
load center
freight forwarder
12. Software packages that control the movement and storage of materials within a warehousing facility.
WMS (Warehouse Management Systems)
procurement (purchasing)
maverick spending
DOT (Department of Transportation)
13. Refers to communication without cables and cords - and includes infrared - microwave - and radio transmissions.
wireless communication
judgmental forecasting
unitization
intramodal competition
14. A framework that identifies five key processes - plan - source - make - deliver - return - associated with supply chain management.
bulk-making
CPFR (Collaborative planning - forecasting - and replenishment)
SCOR (Supply-Chain Operations Reference Model)
expediting
15. A common credential that will be used to identify workers across all modes of transportation.
customer satisfaction
fast supply chain
pallet (skid)
TWIC (Transportation Worker Identification Credential)
16. Separating products into grades and qualities desired by different target markets.
International Air Transport Association (IATA)
bribes
multiclient warehousing
sorting
17. Packaging tapered articles inside each other to reduce the cubic volume of the entire shipment.
reverse logistics
information
centralized logistics organization
nesting
18. The shipment size that equates transportation charges for different rates and weight groups.
delivery window
barge
weight break
center-of-gravity approach
19. The movement and storage of materials into a firm.
import quotas
GSCF
inbound logistics
ISO 9000
20. Measurement that ensures conformity with an organization's policies - procedures - or standards.
SCM (Supply Chain Management)
nontariff barriers
control
comprehensive systems analysis
21. The buyer pays freight charges and owns the goods in transit. This is the most common FOB origin term.
FOB origin - freight collect
amodal shipper
order triage
LSP (Logistics Service Provider)
22. Transportation carrier that has agreed to serve the general public and assumes four legal obligations: service - delivery - reasonable rates - and avoidance of discrimination.
piggyback transportation
STB (Surface Transportation Board)
'C-level' position
common carrier
23. A warehouse with an emphasis on quick throughput - such as is needed in supporting marketing efforts.
exempt carrier
distribution center
shipping conferences
packaging
24. Artificial intelligence - Sophisticated use of the computer in which it is programmed to 'think' as a trained - skilled human in specific situations.
fixed order quantity system
tracing
office automation systems
AI
25. The level of inventory at which a replenishment order is placed.
draft
empowerment zone
ROP (reorder point)
procurement (purchasing)
26. Refers to an alliance in the container trades in which ocean carriers retain their individual identities but cooperate in the area of operations.
BOL
ocean carrier alliances
intermodal competition
shipping conferences
27. Often accompanies an SED and provides explicit shipment instructions.
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28. The orderly and planned observation of one or more segments in the logistics network or supply chain.
systems analysis
line-haul
supply management
distribution center
29. Refers to a combination of water transportation and surface transportation between an origin and destination port.
terminal
investment recovery
land bridge
parcel carriers
30. Costs to seller when it is unable to supply an item to a customer ready to buy.
Nonvessel-operating common carrier (NVOCC)
stockout cost
part-to-picker system
SCOR (Supply-Chain Operations Reference Model)
31. A return trip or movement in a direction of secondary importance or purpose.
contract logistics
backhaul
excess (surplus) materials
pull inventory system
32. Raw materials - component parts - and supplies brought from outside organizations to support a company's operations.
short-interval scheduling
procurement (purchasing)
p-cards (procurement cards)
export management company
33. Products are produced prior to receiving a customer order.
materials management
demurrage
nontariff barriers
make-to-stock
34. Similar to the center-of-gravity locational approach - except that shipping volumes are also taken into account.
export management company
time series forecasting
weighted center-of-gravity approach
reverse logistics
35. The number of times an inventory is used or replaced each year.
Incoterms 2000
centralized logistics organization
inventory turnover
excess (surplus) materials
36. Cooperative - formal or informal supply chain relationships between manufacturing companies and their suppliers - business partners - or customers - developed to enhance the overall business performance of both sides.
private warehousing
supply chain collaboration
documentation
assorting
37. Companies whose primary business is other than transportation provide their own transportation service by operating truck - railcars - barges - ships - or airplanes.
associative forecasting
private carrier
kickbacks
customer satisfaction
38. The distance between the inner sides of two parallel rail tracks.
rail gauge
DSS (Decision support system)
distribution center
OSHA (Occupational Safety and Health Administration)
39. Refers to employees who do not follow company guidelines about which suppliers to use in particular situations.
maverick spending
OSHA (Occupational Safety and Health Administration)
information
inventory flow diagram
40. Firm the helps a domestic company become involved in foreign sales. They often locate foreign firms that can be licensed to manufacture the product in the foreign country.
distribution center
ISO 9000
pilferage
export management company
41. Each separate type of item that is accounted for in an inventory.
decentralized logistics organization
assorting
SKU (stock-keeping unit)
bribes
42. Fixed facilities - such as a plant - warehouse - or store - in a logistics system.
nodes
pilferage
aperless warehousing
bribes
43. Facts or recorded measures of certain phenomena.
SKU (stock-keeping unit)
data
international logistics
line-haul
44. An intermediary that oversees the efficient movement of importers' goods (and accompanying paperwork) through customs and other inspection points.
SCOR (Supply-Chain Operations Reference Model)
order cycle
facility relocation
customs broker
45. Companies that specialize in transporting parcels or small packages.
p-cards (procurement cards)
parcel carriers
contract carrier
Consignee
46. An international logistics specialist that custom packs shipments when the exporter lacks the equipment or expertise to do so itself.
TOFC (trailer on flatcar)
accumulating
in bond
export packers
47. A long-term arrangement between a shipper and another party to provide logistics services.
delivery window
picker-to-part system
contract logistics
information
48. Nonprofit membership cooperatives that perform basically the same function as freight forwarders.
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49. Helps managers make decisions by providing information - models - or analysis tools.
system constraints
inventory shrinkage
empowerment zone
DSS (Decision support system)
50. In transportation - a small quantity or small package.
physical distribution
mass logistics
supply management
parcel
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