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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. Refers to the value or usefulness of a product in fulfilling customer needs and wants.






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






3. Gross domestic product






4. Involves rearranging the quantities and assortment of products as they move through the supply chain.






5. Inventory needed to satisfy demand during an order cycle.






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






7. Global Supply Chain Forum






8. Concept that recognizes that because inventories are not of equal value to a firm - they should not be managed in the same way.






9. The delay of value-added activities such as assembly - production - and packaging to the latest possible time.






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






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






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






13. Refers to communication without cables and cords - and includes infrared - microwave - and radio transmissions.






14. A framework that identifies five key processes - plan - source - make - deliver - return - associated with supply chain management.






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






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






17. Packaging tapered articles inside each other to reduce the cubic volume of the entire shipment.






18. The shipment size that equates transportation charges for different rates and weight groups.






19. The movement and storage of materials into a firm.






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






21. The buyer pays freight charges and owns the goods in transit. This is the most common FOB origin term.






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






23. A warehouse with an emphasis on quick throughput - such as is needed in supporting marketing efforts.






24. Artificial intelligence - Sophisticated use of the computer in which it is programmed to 'think' as a trained - skilled human in specific situations.






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






26. Refers to an alliance in the container trades in which ocean carriers retain their individual identities but cooperate in the area of operations.






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.






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






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






31. A return trip or movement in a direction of secondary importance or purpose.






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






33. Products are produced prior to receiving a customer order.






34. Similar to the center-of-gravity locational approach - except that shipping volumes are also taken into account.






35. The number of times an inventory is used or replaced each year.






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.






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






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






39. Refers to employees who do not follow company guidelines about which suppliers to use in particular situations.






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.






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






42. Fixed facilities - such as a plant - warehouse - or store - in a logistics system.






43. Facts or recorded measures of certain phenomena.






44. An intermediary that oversees the efficient movement of importers' goods (and accompanying paperwork) through customs and other inspection points.






45. Companies that specialize in transporting parcels or small packages.






46. An international logistics specialist that custom packs shipments when the exporter lacks the equipment or expertise to do so itself.






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






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.






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







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