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Test your basic knowledge |
Logistics Vocab
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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. An intermediary that oversees the efficient movement of importers' goods (and accompanying paperwork) through customs and other inspection points.
make-to-order
bonded storage
customs broker
short-interval scheduling
2. Products are produced prior to receiving a customer order.
scrap materials
order transmittal
make-to-stock
CPFR (Collaborative planning - forecasting - and replenishment)
3. Identifies opportunities to recover revenues or reduce costs associated with scrap - surplus - obsolete - and waste materials.
reverse logistics
perfect order
investment recovery
assorting
4. Retail industry initiative where trading partners share planning and forecasting data to better match supply and demand.
throughput
Application-specific software
CPFR (Collaborative planning - forecasting - and replenishment)
embargoes
5. The need to rapidly move a shipment to its final destination.
WMS (Warehouse Management Systems)
part-to-picker system
push inventory system
expediting
6. A strategic orientation in which a limited number of traditional logistics activities are managed across business units.
excess (surplus) materials
safety (buffer) stock
grid system
market strategy
7. Occurs when the shipper notifies the carrier - prior to the shipment's arrival in the destination city - of a change in destination.
cycle (base) stock
ERP (Enterprise Resource Planning system)
routing guide
diversion
8. Taking and removing personal property with the intent to deprive the rightful owner of it.
theft
logistics
product recall
market strategy
9. Allow companies to produce digital maps that can drill down to site-specific qualities such as bridge heights.
embargoes
WMS (Warehouse Management Systems)
GIS (Graphical Information Systems)
bulk-making
10. Provides specialized service to each customer based on a contractual arrangement.
contract carrier
demurrage
partnerships
fixed slot location
11. 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.
Maquiladora
FOB origin - freight collect
pure materials
back order
12. Goods that flow from the consumer to the manufacturer (e.g. - product recalls and product recycling).
demand management
demurrage
common carrier
reverse logistics
13. The removal of levels (layers) from a channel of distribution.
disintermediation
Nonvessel-operating common carrier (NVOCC)
expediting
warehouse
14. The level of inventory at which a replenishment order is placed.
ROP (reorder point)
transportation
GDP
decentralized logistics organization
15. The seller owns the goods in transit - prepays the freight charges - and bills the buyer for the freight charges.
fourth-party logistics (lead logistics provider)
short-interval scheduling
FOB destination - freight prepaid and charged back
exempt carrier
16. An invoice submitted by a transportation carrier requesting to be paid.
wireless communication
freight bill
fixed order interval system
OSHA (Occupational Safety and Health Administration)
17. These help various stake-holders to work together by interacting and sharing information in many different forms.
The major functions of the different planning time horizons
facility location
communication system
classification
18. Pricing that includes both the price of the product and the transportation cost of the product to the purchaser's receiving dock.
possession utility
FOB destination (delivered) pricing
parcel carriers
Consignor
19. Price of the product at its source plus transportation costs to its destination.
TWIC (Transportation Worker Identification Credential)
bulk cargo
landed costs
perfect order
20. 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.
freight forwarder
form utility
maverick spending
package testing
21. The number of times an inventory is used or replaced each year.
assorting
fixed slot location
stockout cost
inventory turnover
22. Employee theft.
market strategy
certificate of origin
pilferage
cause and effect forecasting
23. Emphasize the storage of products and their primary purpose is to maximize usage of available storage space.
Consignee
stowability
warehouse
Strategic (planning time horizon)
24. In international trade - a firm that provides carrier services to shippers but owns no vessels itself.
Nonvessel-operating common carrier (NVOCC)
contract carrier
TOFC (trailer on flatcar)
suboptimization
25. A charge assessed by rail carriers to users that fail to unload and return vehicles or containers promptly.
complementary products
demurrage
package testing
supplier development (reverse marketing)
26. The buyer pays the freight charges when the goods arrive - and the seller owns the goods while they are in transit.
pallet (skid)
time series forecasting
TOFC
FOB destination - freight collect
27. U.S. federal government body with primary responsibility for transportation safety regulation.
back order
GIS (Graphical Information Systems)
DOT (Department of Transportation)
productivity
28. Involves rearranging the quantities and assortment of products as they move through the supply chain.
terminal
regrouping function
pallet (skid)
pick-to-light technology
29. Utilizes sophisticated quantitative techniques to find hidden patterns in large volumes of data.
nesting
cross-docking
data mining
agile supply chain
30. A common credential that will be used to identify workers across all modes of transportation.
brownfields
TWIC (Transportation Worker Identification Credential)
packaging
stowability
31. Procurement activities that meet the ethical and discretionary responsibilities expected by society.
weighing out
FOB destination - freight collect
opportunity costs
socially responsible procurement
32. Taxes that governments place on the importation of certain items.
supply chain
tariffs
Malcolm Baldrige National Quality Award
data
33. Stocks of goods and materials that are maintained for many purposes.
parcel
channel intermediaries
responsiveness
inventory
34. Refers o cargo stowed loose - without specific packing - and generally handled with a pump - scoop - or shovel.
bulk cargo
flexibility
FOB destination - freight collect
channel intermediaries
35. Created by the U.S. Department of Housing and Urban Development to encourage business development-through various tax credits-in economically depressed portions of cities.
empowerment zone
FOB destination - freight prepaid
GIS (Graphical Information Systems)
brownfields
36. 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.
reconsignment
third-party logistics (logistics outsourcing)
bar-code scanners
throughput
37. Nonprofit membership cooperatives that perform basically the same function as freight forwarders.
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38. Combining smaller packages into larger unites that can be more efficiently handled at one time.
International Air Transport Association (IATA)
excess capacity
building-blocks concept
variable slot location
39. Refer to materials that are not likely to ever be used by the organization that purchased it.
obsolete materials
customer satisfaction
electronic procurement (e-procurement)
TWIC (Transportation Worker Identification Credential)
40. Movement and storage of raw materials - parts - and components within a firm.
throughput
transportation management
VMI (vendor-managed inventory)
materials management
41. 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
international freight forwarders
demand management
communication system
inventory flow diagram
42. Each separate type of item that is accounted for in an inventory.
hazardous materials
Nonvessel-operating common carrier (NVOCC)
supplier development (reverse marketing)
SKU (stock-keeping unit)
43. An organization maintains a single logistics department that administers the related activities for the entire company from the home office.
safety (buffer) stock
centralized logistics organization
system constraints
inbound logistics
44. Refers to a situation in which a hazard or defect is discovered in a manufactured or processed item - and its return is mandated by a government agency.
assorting
FOB origin - freight prepaid and charged back
ABC (Activity-based costing)
product recall
45. A cartel consisting of nearly all the world's scheduled international airlines.
grid system
International Air Transport Association (IATA)
multiclient warehousing
tariffs
46. The pick location is brought to the picker (e.g. - carousels).
part-to-picker system
ergonomics
substitute products
waste materials
47. Similar to common carriers in that public warehousing serves all legitimate users and has certain responsibilities to this users.
nesting
EDI (Electronic Data Interchange)
SCOR (Supply-Chain Operations Reference Model)
public warehousing
48. Refers to systems that consider the return flow of products - their reuse - and the marketing and distribution of recovered products.
nodes
TOFC (trailer on flatcar)
closed-loop systems
contract carrier
49. Products are produced after receiving a customer order.
nesting
ERP (Enterprise Resource Planning system)
make-to-order
short sea shipping
50. Characterized by variability in demand orders among supply chain participants.
order transmittal
decentralized logistics organization
bullwhip effect
excess (surplus) materials