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. The time span within which a scheduled delivery must be made.






2. 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.






3. Inventories that are used or distributed together (e.g. razor blades and razors).






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






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






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






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






8. Restrictions other than tariffs that are placed on imported products.






9. Uses the internet to make it easier - faster - and less expensive for an organization to purchase goods and services.






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






11. A group of forecasting techniques that is based on the idea that future demand is solely dependent on past demand.






12. The time from when the seller receives an order until an appropriate location is authorized to fill the order.






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






14. A relational exchange approach involving a limited number of suppliers.






15. Contains relevant export transaction data such as the transportation mode(s) - transaction participants - and description of what is being exported.

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






17. Taxes that governments place on the importation of certain items.






18. 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.






19. General contractor that ensures that third-party logistics companies are working toward relevant supply chain goals and objectives.






20. Truck trailers of flatcars.






21. These help various stake-holders to work together by interacting and sharing information in many different forms.






22. Product for which there is no demand.






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






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






25. The shipper of goods.






26. Key suppliers locate on - or adjacent to - automobile plants - which helps reduce shipping costs and inventory carrying costs.






27. Satisfying current and emerging customer needs.






28. Refers to the allocation of revenues and costs to customer segments or individual customers to calculate the profitability of the segments or customers.






29. Refers to a situation in which a hazard or defect is discovered in a manufactured or processed item - and its return is mandated by a government agency.






30. Multiple logistics activities are combined into - and managed as - a single department.






31. Emphasize the storage of products and their primary purpose is to maximize usage of available storage space.






32. A company's objectives can be realized by recognizing the mutual interdependence of the major functional areas of the firm - such as marketing - production - finance - and logistics.






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






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






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






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






37. Provide effective ways to process personal and organizational business data - to perform calculations - and to create documents.






38. Analyzing the impacts of small changes - such as adding or subtracting one unit of input.






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






40. A document that notifies a transportation carrier of wrong or defective deliveries - delay - or other delivery shortcoming.






41. 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.






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






43. 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.






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






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






46. According to the Council of Supply Chain Management Professionals (CSCMP) - that part of supply chain management that plans - implements - and controls the efficient - effective forward and reverse flow and storage of goods - services - and rel






47. The seller owns the goods in transit - prepays the freight charges - and bills the buyer for the freight charges.






48. An order picker goes to where the product is located (e.g. - a forklift).






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






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