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Test your basic knowledge |
Logistics Vocab
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Study First
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 most important single transportation document that is the operating document in the industry.
broker
Bill of Lading
suboptimization
ISO 9000
2. A small device that responds to radio signals from an outside source.
transaction processing system
international logistics
DOT (Department of Transportation)
transponders
3. Costs to seller when it is unable to supply an item to a customer ready to buy.
cost trade-offs
TEU
stockout cost
public warehousing
4. Software packages that control the movement and storage of materials within a warehousing facility.
transaction processing system
shrink-wrap
substitute products
WMS (Warehouse Management Systems)
5. Utilizes sophisticated quantitative techniques to find hidden patterns in large volumes of data.
routing
WMS (Warehouse Management Systems)
reconsignment
data mining
6. Refers to forecasting that involves judgment or intuition and is preferred in situations where there is limited - or no - historical data.
p-cards (procurement cards)
bullwhip effect
judgmental forecasting
cost trade-offs
7. A system in which products are stored wherever there is empty space available in a warehouse.
variable slot location
process strategy
unit load devices
socially responsible procurement
8. Transportation service that is supplemental to line-haul transportation.
accessorial service
bulk-breaking
transponders
mass logistics
9. The level of inventory at which a replenishment order is placed.
FOB destination - freight prepaid
waste materials
pallet (skid)
ROP (reorder point)
10. Inventory that is held in addition to cycle stock to guard against uncertainties in supply and/or lead time.
routing guide
delivery window
fixed slot location
safety (buffer) stock
11. Occurs when the shipper notifies the carrier - prior to the shipment's arrival in the destination city - of a change in destination.
diversion
freight claims
pick-to-light technology
Consignee
12. The time from when a transportation carrier picks up the shipment until it is received by the customer.
ABC analysis
order delivery
certificate of origin
LSP (Logistics Service Provider)
13. A document that notifies a transportation carrier of wrong or defective deliveries - delay - or other delivery shortcoming.
routing
form utility
intramodal competition
freight claims
14. The science that seeks to adapt work or working conditions to suit the abilities of the worker.
wireless communication
Consignor
Six Sigma
ergonomics
15. Bill of Lading
broker
bulk cargo
substitute products
BOL
16. Logistics-related decisions are made separately at the divisional or product group level and often in different geographic regions.
exempt carrier
certificate of origin
decentralized logistics organization
FOB destination (delivered) pricing
17. Established in the late 1980s to recognize U.S. organizations for their achievements in quality and performance.
facility location
TOFC
Malcolm Baldrige National Quality Award
ABC analysis
18. Refers to the fact that more items are recorded entering than leaving warehouse facilities.
inventory shrinkage
nesting
control
substitute products
19. A relational exchange approach involving a limited number of suppliers.
AI
speculative stock
supply management
variable slot location
20. Truck trailers of flatcars.
multiclient warehousing
TOFC
rail gauge
routing
21. 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.
JIT (Just-in-time) approach
wireless communication
kickbacks
containers
22. Classifying orders according to pre-established guidelines so that a company can prioritize how orders should be filled.
order triage
WMS (Warehouse Management Systems)
routing
contract (third-party) warehousing
23. An intermediary that oversees the efficient movement of importers' goods (and accompanying paperwork) through customs and other inspection points.
customs broker
back order
possession utility
assorting
24. The documents associated with transportation shipments.
responsiveness
perfect order
documentation
channel intermediaries
25. Similar to common carriers in that public warehousing serves all legitimate users and has certain responsibilities to this users.
public warehousing
office automation systems
consolidate
logistics
26. Analogous to personal property taxes paid by individuals - and inventory tax is based on the value of inventory that is held by an organization on the assessment date.
inventory tax
certificate of origin
line-haul
electronic procurement (e-procurement)
27. Refers to the value or usefulness of a product in fulfilling customer needs and wants.
cost trade-offs
slip sheet
economic utility
contract carrier
28. A system that simplifies each of the three primary rate factors - product - weight - and distance.
class rate system
substitute products
relevancy
FOB destination - freight prepaid
29. A group of forecasting techniques that is based on the idea that future demand is solely dependent on past demand.
package testing
supplier parks
control
time series forecasting
30. Companies that specialize in transporting parcels or small packages.
time series forecasting
parcel carriers
cube out
Tactical (planning time horizon)
31. In transportation - a small quantity or small package.
tariffs
parcel
order transmittal
BOL
32. Each product is assigned a specific location in a warehouse and is always stored there.
fixed slot location
international freight forwarders
ABC analysis
JIT (Just-in-time) approach
33. Price of the product at seller's place of business. Buyer must arrange for transportation of the product from the seller's place of business.
export packers
load center
tariffs
FOB origin pricing
34. Transportation carrier that has agreed to serve the general public and assumes four legal obligations: service - delivery - reasonable rates - and avoidance of discrimination.
common carrier
TOFC
order picking and assembly
intramodal competition
35. Boxes or other containers secured to a pallet or slip sheet.
safety (buffer) stock
facility closing
mass logistics
unit load
36. Measurement that ensures conformity with an organization's policies - procedures - or standards.
quality
control
International Air Transport Association (IATA)
weight-gaining product characteristics
37. Provides guidance in terms of a preferred list of carriers for shipments moving between two points.
routing guide
part-to-picker system
broker
Consignee
38. Simulation of the types of problems that the package will be exposed to in warehouses and in transit.
excess (surplus) materials
package testing
freight claims
Tactical (planning time horizon)
39. 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.
third-party logistics (logistics outsourcing)
OSHA (Occupational Safety and Health Administration)
place utility
Incoterms 2000
40. An international payment option that is issued by a bank and guarantees payment to a seller provided that the seller has complied with the applicable terms and conditions of the particular transaction.
letter of credit
communication system
EOQ (Economic Order Quanitity)
procurement (purchasing)
41. Logistics activities are managed in multiple departments throughout an organizations.
throughput
inventory flow diagram
customs broker
fragmented logistics structure
42. Refers to how easy a commodity is to pack into a load.
stowability
barge
materials management
STB (Surface Transportation Board)
43. A carrier's attempt to determine a shipment's location during the course of its move.
stockout
bar-code scanners
tracing
package testing
44. The removal of levels (layers) from a channel of distribution.
commercial invoice
disintermediation
warehousing
cause and effect forecasting
45. A firm must move operations to another facility to better serve suppliers or customers.
in bond
shipping conferences
control
facility relocation
46. An organization maintains a single logistics department that administers the related activities for the entire company from the home office.
Incoterms 2000
LSP (Logistics Service Provider)
communication system
centralized logistics organization
47. The use of radio frequency to identify objects that have been implanted with an RFID tag.
right-to-work laws
tom miles
RFID (radio-frequency identification)
associative forecasting
48. Unused available space.
excess capacity
facility closing
materials handling
parcel
49. Often accompanies an SED and provides explicit shipment instructions.
50. The cost of giving up an alternative opportunity.
fixed order quantity system
opportunity costs
order picking and assembly
ERP (Enterprise Resource Planning system)