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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 buying components and inputs anywhere in the world.
sweatshops
partnerships
global procurement (sourcing)
freight forwarder
2. Refers to the amount of product entering and leaving a facility in a given time period.
empowerment zone
sweatshops
comprehensive systems analysis
throughput
3. Similar to common carriers in that public warehousing serves all legitimate users and has certain responsibilities to this users.
public warehousing
carrier
ISO 9000
communication system
4. A framework that identifies eight relevant processes - such as customer relationship management - demand management - and order fulfillment - associated with supply chain management.
GSCF model
cause and effect forecasting
barge
slurry systems
5. Terminal-to-terminal movement of freight or passengers.
line-haul
goods in transit
flags of convenience
BOL
6. Refers to security throughout the entire supply chain.
system security
multiclient warehousing
relevancy
terms of payment
7. 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
demurrage
goods in transit
Strategic (planning time horizon)
TOFC
8. aka bulk-breaking
allocating
marginal analysis
socially responsible procurement
relationship management
9. The time from when a transportation carrier picks up the shipment until it is received by the customer.
demurrage
FOB origin pricing
order delivery
tariffs
10. The documents associated with transportation shipments.
documentation
order fill rate
variable slot location
facility location
11. Companies whose primary business is other than transportation provide their own transportation service by operating truck - railcars - barges - ships - or airplanes.
Bill of Lading
private carrier
pick-to-light technology
land bridge
12. Products are produced prior to receiving a customer order.
AI
customs broker
freight claims
make-to-stock
13. These are materials that are no longer serviceable - have been discarded - or are a by-product of the production process.
inventory tax
physical distribution
disintermediation
scrap materials
14. A U.S. government agency with primary responsibility for regulating railroad pricing and service.
agile supply chain
routing
STB (Surface Transportation Board)
GSCF model
15. Helps managers make decisions by providing information - models - or analysis tools.
DSS (Decision support system)
transit time
kickbacks
supplier development (reverse marketing)
16. 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
barge
SCOR (Supply-Chain Operations Reference Model)
terms of sale
Six Sigma
17. Assumes that one or more factors are related to demand - and the relationship between cause and effect can be used to estimate future demand.
associative forecasting
comprehensive systems analysis
CPFR (Collaborative planning - forecasting - and replenishment)
SCM (Supply Chain Management)
18. A buyer invites bids from multiple sellers - and the seller with the lowest bid is often awarded the business.
private carrier
documentation
excess capacity
reverse auctions
19. Terms of sale for international transactions that represent - from the seller's viewpoint - the different locations - or stages - for quoting a price to an overseas buyer.
slip sheet
SCOR (Supply-Chain Operations Reference Model)
Incoterms 2000
shippers' associations
20. Building up a variety of different products for resale to a particular customer.
electronic commerce
FOB origin - freight collect
product recall
assorting
21. The seller pays the freight charges and also owns the goods in transit. The is what is generally referred to as FOB destination pricing.
weight-losing product characteristics
customs broker
FOB destination - freight prepaid
public warehousing
22. 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.
pilferage
safety (buffer) stock
in bond
facility location
23. An approach for locating a single facility that minimizes the distance to existing facilities.
center-of-gravity approach
pull inventory system
Strategic (planning time horizon)
systems analysis
24. A major port where thousands of containers arrive and depart per week. These ports specialize in the efficient handling of containers.
load center
grid system
GDP
Tactical (planning time horizon)
25. A payment from a shipper or consignee to a truck carrier for having kept the carrier's equipment too long.
GDP
detention
ISO 9000
shipping conferences
26. 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.
slip sheet
unit load
public warehousing
grid system
27. Materials used for the containment - protection - handling - delivery - and presentation of goods.
pilferage
grid system
packaging
stowability
28. Measurement that ensures conformity with an organization's policies - procedures - or standards.
draft
weighted center-of-gravity approach
control
broker
29. The receiver of a shipment.
Consignee
order management
investment recovery
economic utility
30. Separating products into grades and qualities desired by different target markets.
service recovery
certificate of origin
weight-gaining product characteristics
sorting
31. Retail industry initiative where trading partners share planning and forecasting data to better match supply and demand.
CPFR (Collaborative planning - forecasting - and replenishment)
OSHA (Occupational Safety and Health Administration)
form utility
rail gauge
32. Short- to medium-term horizon - Six-month to one-year (plus) time-span - Subsystem decisions are made - - should not impose on other logistics components - Annual budgets provide finance/cost basis - The strategic plan detail is made into an operatio
nontariff barriers
diversion
Tactical (planning time horizon)
multiclient warehousing
33. A type of contract logistics that focuses on providing unique and specially tailored warehousing services to particular clients.
Consignor
complementary products
contract (third-party) warehousing
GIS (Graphical Information Systems)
34. Analysis that is performed by a trade association - professional organization - or other entity - on a industry wide basis.
industry systems analysis
transportation management
judgmental forecasting
field warehousing
35. Occurs when a cargo takes up a vehicle's or a container's cubic capacity before reaching its weight capacity.
short-interval scheduling
cube out
phantom freight
Operational (planning time horizon)
36. Changes to one logistics activity cause some costs to increase and others to decrease.
concealed damage
shipper's export declaration (SED)
cost trade-offs
regrouping function
37. Truck trailers on flatcars - also referred to as TOFC.
piggyback transportation
simulation
GSCF model
common carrier
38. Emphasizes a speed or time component.
intermodal competition
landed costs
fast supply chain
opportunity costs
39. Refers to forecasting that involves judgment or intuition and is preferred in situations where there is limited - or no - historical data.
judgmental forecasting
form utility
FOB origin - freight prepaid
order triage
40. 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.
broker
Operational (planning time horizon)
supply chain collaboration
international logistics
41. Refers to ships that register in nations that have lax maritime registration rules - particularly with respect to safety requirements.
FOB origin - freight prepaid
picker-to-part system
flags of convenience
order management
42. Raw materials - component parts - and supplies brought from outside organizations to support a company's operations.
accessorial service
import quotas
procurement (purchasing)
batch number
43. The depth in the water to which a vessel can be loaded.
facility closing
draft
ROP (reorder point)
socially responsible procurement
44. An organization maintains a single logistics department that administers the related activities for the entire company from the home office.
class rate system
centralized logistics organization
landed costs
Nonvessel-operating common carrier (NVOCC)
45. Refers to communication without cables and cords - and includes infrared - microwave - and radio transmissions.
reverse logistics
unitization
on-demand software
wireless communication
46. An order picker goes to where the product is located (e.g. - a forklift).
SKU (stock-keeping unit)
export management company
picker-to-part system
order management
47. Provides guidance in terms of a preferred list of carriers for shipments moving between two points.
safety (buffer) stock
routing guide
Bill of Lading
terminal
48. A relational exchange approach involving a limited number of suppliers.
supply management
weight break
line-haul
containers
49. That part of a firm's logistics system that stores products at and between points of origin and point of consumption.
warehousing
goods in transit
cost trade-offs
scrap materials
50. Refers to warehousing situations where goods are not released until applicable fees are paid. As an example - Internal Revenue Service - bonded warehouses hold goods other federal taxes and fees collected.
documentation
bonded storage
cost trade-offs
delivery window
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