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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. Cartels of all ocean vessel operators operating between certain trade areas.






2. Using measures of another organization's performance to judge one's own performance.






3. 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.






4. Emphasizes a speed or time component.






5. Breaking larger quantities into smaller quantities.






6. In international trade - a firm that provides carrier services to shippers but owns no vessels itself.






7. Satisfying current and emerging customer needs.






8. Looks at a single aspect of logistics - such as a time-and-motion study of individuals who handle incoming freight at a receiving dock.






9. 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.






10. A common credential that will be used to identify workers across all modes of transportation.






11. A U.S. federal agency that regulates workplaces to ensure the safety of workers.






12. Products are produced after receiving a customer order.






13. 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.






14. A practice that emphasizes the virtual elimination of business errors that strives to achieve 3.4 defects - deficiencies - or errors per one million opportunities.






15. Analysis that is performed by a trade association - professional organization - or other entity - on a industry wide basis.






16. Software packages that control the movement and storage of materials within a warehousing facility.






17. 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.






18. Refers to software that users access on a per-use basis instead of software they own or license for installation.






19. Refers to forecasting that involves judgment or intuition and is preferred in situations where there is limited - or no - historical data.






20. The short-distance movement of material between two or more points.






21. Groups of customers with similar logistical needs and wants are provided with logistics service appropriate to those needs and wants.






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






23. A small device that responds to radio signals from an outside source.






24. A transportation manager who purchases a prespecified level of transportation service and is indifferent to the mode(s) or carrier(s) used to provide the actual transportation service.






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






26. Stocks of goods and materials that are maintained for many purposes.






27. The buying and controlling of transportation services by either a shipper or consignee.






28. A set of generic standards used to document - implement - and demonstrate quality management and assurance systems.






29. Refers to systems that consider the return flow of products - their reuse - and the marketing and distribution of recovered products.






30. Absolute limits to the quantity of a product that can be imported into a country during a particular time period.






31. The amount of output divided by the amount of input.






32. An area - usually near a port or an airport - where goods can be stored or processed before entering through the importing nation's customs inspections.






33. The orders to be picked are identified by lights placed on shelves or racks.






34. Transport products that are ground into a powder - mixed with water - and then shipped in slurry form through a pipeline.






35. Changes to one logistics activity cause some costs to increase and others to decrease.






36. Provides specialized service to each customer based on a contractual arrangement.






37. The level of inventory at which a replenishment order is placed.






38. Simulation of the types of problems that the package will be exposed to in warehouses and in transit.






39. The use of radio frequency to identify objects that have been implanted with an RFID tag.






40. For international transactions - refers to determining when and where to transfer between buyer and seller - the physical goods - the payment for goods - legal title - required documentation as well as responsibility for controlling and caring f






41. Use satellites that allow companies to compute vehicle positions - velocity - and time.






42. Refers to choosing the locations for distribution centers - warehouses - and production facilities to facilitate logistical effectiveness and efficiency.






43. The management of the various activities associated with the order cycle.






44. A company discontinues operations at a current site because the operations are no longer needed or can be absorbed by other facilities.






45. 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.






46. Prohibition of trade between particular countries.






47. Often accompanies an SED and provides explicit shipment instructions.

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48. Costs to seller when it is unable to supply an item to a customer ready to buy.






49. Each product is assigned a specific location in a warehouse and is always stored there.






50. A one-size-fits-all approach in which every customer gets the same type and levels of logistics service.