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






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






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






4. Logistics activities are managed in multiple departments throughout an organizations.






5. Requires a certain percentage of traffic to move on a nation's flag vessels.






6. Includes all activities from when an appropriate location is authorized to fill an order until goods are loaded aboard an outbound carrier.






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






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






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






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






11. Unused available space.






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






13. A process where product is received in a facility - occasionally married with product going to the same destination - then shipped at the earliest opportunity - without going into long-term storage.






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






15. The cost of giving up an alternative opportunity.






16. 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






17. The buyer pays the freight charges when the goods arrive - and the seller owns the goods while they are in transit.






18. Logistics Information System






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






20. Materials requested by a customer that are unavailable for shipment at the same time as the reminder of the order. They are usually shipped when available.






21. 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.






22. The seller pays the freight charges in advance but bills the buyer for them. The buyer owns the goods in transit.






23. Price of the product at its source plus transportation costs to its destination.






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






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






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






27. Elapsed time between a customer places an order and when the goods are received.






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






29. Storage of finished product and movement to the customers.






30. System that attempts enterprisewide coordination of relevant business processes by allowing (conceptually - at least) all functional areas within a firm to access and analyze a common database.






31. Combining smaller packages into larger unites that can be more efficiently handled at one time.






32. An organization's ability to address unexpected operational situations.






33. 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.






34. Inventory is replenished with a set quantity every time it is ordered; the time interval between orders may vary.






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






36. Emphasizes a speed or time component.






37. A one-size-fits-all approach in which every customer gets the same type and levels of logistics service.






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






39. Companies that specialize in providing various types of logistics services.






40. 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.






41. Material that is used to block and brace products inside carrier equipment to prevent the shipment from shifting in transit and becoming damaged.






42. Specifies the country(ies) in which a product is manufactured.






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






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






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






46. Twenty-foot equivalent unit; a measure of the number of 20-foot containers that are used or handled.






47. Assumes that one or more factors are related to demand - and the relationship between cause and effect can be used to estimate future demand.






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






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






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