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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. A carrier's attempt to determine a shipment's location during the course of its move.






2. Established in the late 1980s to recognize U.S. organizations for their achievements in quality and performance.






3. 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.






4. Plastic wrapping that when heated shrinks in size to form a cover over the product.






5. Inventory that is held in addition to cycle stock to guard against uncertainties in supply and/or lead time.






6. A strategic orientation in which a limited number of traditional logistics activities are managed across business units.






7. Separating products into grades and qualities desired by different target markets.






8. An inventory system that responds to forecasted (rather than actual) customer demand.






9. Having products available when they are needed by customers.






10. 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.






11. An invoice submitted by a transportation carrier requesting to be paid.






12. Boxes or other containers secured to a pallet or slip sheet.






13. An order that simultaneously achieves relevant customer metrics.






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






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






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






17. Refers to the amount of product entering and leaving a facility in a given time period.






18. Refers to logistical activities associated with goods that move across national boundaries.






19. Refers to the fact that more items are recorded entering than leaving warehouse facilities.






20. The seller pays the freight charges - but the buyer owns the goods in transit.






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






22. A small platform (made of plastic - steel - or wood) on which goods are placed for handling by mechanical means.






23. Organizations that exploit workers and that do not comply with fiscal and legal obligations toward employees.






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






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






26. Having products available where they are needed by customers.






27. Refers to alphanumeric identification that specifies where a product was processed or manufactured.






28. Breaking larger quantities into smaller quantities.






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






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






31. These are material that have been spoiled - broken - or otherwise rendered unfit for further use or reclamation.






32. Refers to a combination of water transportation and surface transportation between an origin and destination port.






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. Refers to ships that register in nations that have lax maritime registration rules - particularly with respect to safety requirements.






35. Each separate type of item that is accounted for in an inventory.






36. In transportation - a small quantity or small package.






37. A system that simplifies each of the three primary rate factors - product - weight - and distance.






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






39. Refers to software that has been developed for managers to deal with specifics logistics functions or activities (e.g. transportation management systems)






40. Numbers assigned to various types of freight - based mainly on the carrier's costs of handling that type of product - and - along with weight and distance - used as a basis for determining the costs of shipment.






41. Refers to corporate officers such as a chief executive officer (CEO) - chief operating officer (COO) - or chief financial officer (CFO).

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42. Assemble small shipments into a single - larger shipment.






43. A long-term arrangement between a shipper and another party to provide logistics services.






44. The number of tons times the number of miles.






45. Logistics Information System






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






47. Cargo reaches a vehicle's or a container's weight capacity without filling its cubic capacity.






48. Materials used for the containment - protection - handling - delivery - and presentation of goods.






49. A company that helps both shipper and carrier achieve lower freight rates and more efficient utilization of carrier equipment. Brokers also help match carriers to loads.






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