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. Refers to the number of carriers within each mode.






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






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






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






5. Emphasizes a speed or time component.






6. A framework that identifies five key processes - plan - source - make - deliver - return - associated with supply chain management.






7. Assemble small shipments into a single - larger shipment.






8. Global Supply Chain Forum






9. Movement and storage of raw materials - parts - and components within a firm.






10. Refers to the value or usefulness of a product in fulfilling customer needs and wants.






11. A firm must move operations to another facility to better serve suppliers or customers.






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






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






14. 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.






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






16. Creating - maintaining - and enhancing strong relationships with customers and other stakeholders.






17. 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.






18. Breaking larger quantities into smaller quantities.






19. Buyer pays a lower freight charge than the shipper incurs in shipping the product.






20. Computer-to-computer transmission of business data in a structured format.






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






22. A body of facts in a format suitable for decision making.






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






24. Organizations that exploit workers and that do not comply with fiscal and legal obligations toward employees.






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






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






27. Pricing that includes both the price of the product and the transportation cost of the product to the purchaser's receiving dock.






28. A set of generic standards used to document - implement - and demonstrate quality management and assurance systems.






29. A transportation manager who purchases a prespecified level of transportation service and is indifferent to the mode(s) or carrier(s) used to provide the actual transportation service.






30. Breaking larger quantities into smaller quantities.






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






32. 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.






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






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






35. Building up a variety of different products for resale to a particular customer.






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






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






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






39. Refers to the amount of product entering and leaving a facility in a given time period.






40. Logistics Information System






41. Consolidates freight shipments and buys transportation services in volume rates.






42. Utilizes sophisticated quantitative techniques to find hidden patterns in large volumes of data.






43. Cooperative - formal or informal supply chain relationships between manufacturing companies and their suppliers - business partners - or customers - developed to enhance the overall business performance of both sides.






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






45. Each product is assigned a specific location in a warehouse and is always stored there.






46. Procurement activities that meet the ethical and discretionary responsibilities expected by society.






47. The depth in the water to which a vessel can be loaded.






48. A long-term arrangement between a shipper and another party to provide logistics services that is characterized by relational focus - a focus on mutual benefits - and the availability of customized offerings.






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






50. Money paid before an exchange.