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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. Being out of an item at the same time there is a willing buyer for it.






2. People - equipment - and procedures to gather - sort - analyze - evaluate - and distribute needed - timely - and accurate information to logistics decision makers.






3. Using a container that can be transferred from the vehicle of one mode to a vehicle of another - and with the movement covered under a single bill of lading.






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






5. A cartel consisting of nearly all the world's scheduled international airlines.






6. The removal of levels (layers) from a channel of distribution.






7. An organization maintains a single logistics department that administers the related activities for the entire company from the home office.






8. Piggyback traffic - or loading truck trailers onto rail flatcars.






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






10. Goods moving between two points - often accompanied by a live bill of lading.






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






12. Actual physical movement of goods and people between two points.






13. Refers to alphanumeric identification that specifies where a product was processed or manufactured.






14. An international trade specialist that can handle either vessel shipments or air shipments and that offers a number of different functions such as booking space on carriers - obtaining consular documents - and arranging for insurance - among other






15. Aka bulk-making






16. 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.






17. Analysis that is performed by a trade association - professional organization - or other entity - on a industry wide basis.






18. Groups of customers with similar logistical needs and wants are provided with logistics service appropriate to those needs and wants.






19. A strategic orientation in which a limited number of traditional logistics activities are managed across business units.






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






21. Similar to common carriers in that public warehousing serves all legitimate users and has certain responsibilities to this users.






22. Considers a shipment's density (the amount of space occupied relative to weight) to determine a shipment's billable weight.






23. The buyer pays freight charges and owns the goods in transit. This is the most common FOB origin term.






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






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






26. Materials that lose no weight in processing.






27. 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






28. Depicts the demand for - and replenishment of - inventory.






29. The orders to be picked are identified by lights placed on shelves or racks.






30. A measure of how heavy a product is in relation to its size.






31. Measurement that ensures conformity with an organization's policies - procedures - or standards.






32. 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.






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






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






35. U.S. federal government body with primary responsibility for transportation safety regulation.






36. Focuses on an organization's ability to respond to changes in demand with respect to volume and variety.






37. Retail industry initiative where trading partners share planning and forecasting data to better match supply and demand.






38. Transportation service that is supplemental to line-haul transportation.






39. The documents associated with transportation shipments.






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






41. Fixed facilities - such as a plant - warehouse - or store - in a logistics system.






42. Refers to logistical activities associated with goods that move across national boundaries.






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






44. Refers to employees who do not follow company guidelines about which suppliers to use in particular situations.






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






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






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






48. 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






49. The amount of output divided by the amount of input.






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







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