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 receiver of a shipment.






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






3. 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.






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






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






6. 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.






7. A technique used to model the systems under study - typically using mathematical equations to represent relationships among components of a logistics system.






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






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






10. Employees who are sent to other countries for extended periods of time.






11. A buyer invites bids from multiple sellers - and the seller with the lowest bid is often awarded the business.






12. A program in which public and private organizations work together to prevent terrorism against the United States through imports and transportation.






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






14. Refer to materials that are not likely to ever be used by the organization that purchased it.






15. The management of the various activities associated with the order cycle.






16. The degree to which an organization can accommodate unique or unplanned customer requests.






17. An analysis of workers' productivity over short periods of time. Each worker is assigned specific duties that he or she should be able to complete during the time period provided.






18. 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.






19. 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.






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






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






22. Logistics Information System






23. The need to rapidly move a shipment to its final destination.






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






25. A practice that emphasizes the virtual elimination of business errors that strives to achieve 3.4 defects - deficiencies - or errors per one million opportunities.






26. Situation where a process - procedure - or system yields less than the best possible outcome or output - caused by a lack of best possible coordination between different components - elements - parts - etc.






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






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

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29. Refers to buying components and inputs anywhere in the world.






30. Helps managers make decisions by providing information - models - or analysis tools.






31. Refers to forecasting that involves judgment or intuition and is preferred in situations where there is limited - or no - historical data.






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






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






34. 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.






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






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






37. Bringing together inventory from different sources.






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






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






40. Similar to diversion - but it occurs after the shipment has arrived in the destination city.






41. A charge assessed by rail carriers to users that fail to unload and return vehicles or containers promptly.






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






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






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






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






46. The time from when a transportation carrier picks up the shipment until it is received by the customer.






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






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






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






50. Flatboard boat used to transport heavy products.