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






2. Inventory that is held for several reasons such as seasonal demand - projected price increases - and potential product shortages.






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






4. Seeks to minimize inventory by reducing (if not eliminating) safety stock - as well as having the required amount of materials arrive at the production location at the exact time they are needed.






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






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






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






8. Their intent is to incorporate nonbusiness factors (e.g. - cost of living - crime rate - educational opportunities) into the decision of where to locate a plant or distribution facility.






9. The documents associated with transportation shipments.






10. All activities associated with the flow and transformation of goods from the raw material stage - through to the end user - as well as the associated information flows.






11. Refers o cargo stowed loose - without specific packing - and generally handled with a pump - scoop - or shovel.






12. Logistics-related decisions are made separately at the divisional or product group level and often in different geographic regions.






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






14. Employee theft.






15. Provides guidance in terms of a preferred list of carriers for shipments moving between two points.






16. A uniform sealed reusable metal 'box' in which goods are shipped.






17. Nonprofit membership cooperatives that perform basically the same function as freight forwarders.


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






19. Factors in the system that cannot be changed for various reasons.






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


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






22. 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.






23. Bringing together inventory from different sources.






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






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






26. Emphasizes a speed or time component.






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






28. The creation across the supply chain and its markets of coordinated flow of demand. The three basic types of forecasting models are: 1-judgmental - 2-time series - 3-cause and effect.






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






30. The most important single transportation document that is the operating document in the industry.






31. An organization maintains a single logistics department that administers the related activities for the entire company from the home office.






32. Refers to waterborne transportation that utilizes inland and coastal waterways to move shipments from domestic ports to their destination.






33. A type of contract logistics that focuses on providing unique and specially tailored warehousing services to particular clients.






34. People - equipment - and procedures to gather - sort - analyze - evaluate - and distribute needed - timely - and accurate information to logistics decision makers.






35. Transportation carrier that has agreed to serve the general public and assumes four legal obligations: service - delivery - reasonable rates - and avoidance of discrimination.






36. Measurement that ensures conformity with an organization's policies - procedures - or standards.






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






38. Strives to keep customers happy and creates in the customer's mind the perception of an organization that is easy to do business with.






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






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






41. Refers to a product's being in a form that (1) can be used by the customer and (2) is of value to the customer.






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






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






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






45. The use of speech to guide order-picking activities.






46. State laws that specify that a worker does not have to join the union to work permanently at a facility.






47. Compares actual experience to the expected experience and if the actual experience equals or exceeds the expected experience - then the customer is satisfied.






48. Facilitators that make the channel function better.






49. A specific rate for every possible combination of product - weight - and distance.






50. The removal of levels (layers) from a channel of distribution.