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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. Assumes that one or more factors are related to demand - and the relationship between cause and effect can be used to estimate future demand.
freight absorption
weight-losing product characteristics
associative forecasting
make-to-order
2. Transport products that are ground into a powder - mixed with water - and then shipped in slurry form through a pipeline.
field warehousing
slurry systems
bullwhip effect
free (foreign) trade zone
3. 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.
market strategy
kickbacks
in bond
FOB destination - freight collect
4. 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.
seamless distribution
STB (Surface Transportation Board)
form utility
exempt carrier
5. The number of times an inventory is used or replaced each year.
Strategic (planning time horizon)
bullwhip effect
inventory turnover
fixed slot location
6. A body of facts in a format suitable for decision making.
order processing
export management company
supply management
information
7. Strategic - Tactical - Operational
perfect order
logistics information system
The major functions of the different planning time horizons
inventory carrying (holding) costs
8. A strategic orientation where a diverse group of logistics activities - together with other activities - are managed as a channel system.
phantom freight
sorting
embargoes
information (channel) strategy
9. Refers to ships that register in nations that have lax maritime registration rules - particularly with respect to safety requirements.
containers
bonded storage
flags of convenience
facility closing
10. An alternative name for airfreight containers.
unit load devices
supplier development (reverse marketing)
system security
physical distribution
11. A small platform (made of plastic - steel - or wood) on which goods are placed for handling by mechanical means.
demand management
ergonomics
suboptimization
pallet (skid)
12. Simulation of the types of problems that the package will be exposed to in warehouses and in transit.
load center
contract (third-party) warehousing
marginal analysis
package testing
13. Refers to communication without cables and cords - and includes infrared - microwave - and radio transmissions.
wireless communication
unified logistics structure
OSHA (Occupational Safety and Health Administration)
ROP (reorder point)
14. Analyzing the impacts of small changes - such as adding or subtracting one unit of input.
slip sheet
TEU
The major functions of the different planning time horizons
marginal analysis
15. Cartels of all ocean vessel operators operating between certain trade areas.
dimensional (dim) weight
shipping conferences
brownfields
fast supply chain
16. Plastic wrapping that when heated shrinks in size to form a cover over the product.
transit time
FOB origin - freight collect
stockout
shrink-wrap
17. A warehouse with an emphasis on quick throughput - such as is needed in supporting marketing efforts.
FOB origin - freight prepaid
process strategy
distribution center
SCM (Supply Chain Management)
18. Inventory needed to satisfy demand during an order cycle.
total cost approach
fast supply chain
GIS (Graphical Information Systems)
cycle (base) stock
19. Bill of Lading
BOL
cause and effect forecasting
routing
fixed order quantity system
20. Storage of finished product and movement to the customers.
FOB destination (delivered) pricing
physical distribution
intermodal competition
suboptimization
21. The time from when the seller receives an order until an appropriate location is authorized to fill the order.
communication system
TEU
load center
order processing
22. 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
terminal
bulk-making
Strategic (planning time horizon)
logistics
23. 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
scrap materials
international freight forwarders
inventory flow diagram
building-blocks concept
24. Economic activity that can be conducted via electronic connections such as EDI and the internet.
order fill rate
Application-specific software
electronic commerce
decentralized logistics organization
25. The buyer pays the freight charges when the goods arrive - and the seller owns the goods while they are in transit.
FOB destination - freight collect
speculative stock
SCOR (Supply-Chain Operations Reference Model)
total cost approach
26. The depth in the water to which a vessel can be loaded.
DSS (Decision support system)
transportation management
FOB destination (delivered) pricing
draft
27. A buyer invites bids from multiple sellers - and the seller with the lowest bid is often awarded the business.
reverse auctions
complementary products
agile supply chain
simulation
28. 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.
intermodal transportation
cost trade-offs
time utility
private carrier
29. Absolute limits to the quantity of a product that can be imported into a country during a particular time period.
import quotas
batch number
Consignor
GPS (Global positioning systems)
30. Logistics-related decisions are made separately at the divisional or product group level and often in different geographic regions.
decentralized logistics organization
bar-code scanners
unified logistics structure
classification
31. A strategic orientation in which a limited number of traditional logistics activities are managed across business units.
market strategy
GSCF
agile supply chain
FOB origin pricing
32. Changes to one logistics activity cause some costs to increase and others to decrease.
weight-gaining product characteristics
cost trade-offs
excess capacity
expediting
33. The creation across the supply chain and its markets of coordinated flow of demand. The three basic types of forecasting models are: 1-judgmental - 2-time series - 3-cause and effect.
electronic procurement (e-procurement)
agile supply chain
time utility
demand management
34. Having products available where they are needed by customers.
GIS (Graphical Information Systems)
batch number
freight bill
place utility
35. Material that is used to block and brace products inside carrier equipment to prevent the shipment from shifting in transit and becoming damaged.
procurement (purchasing)
dunnage
package testing
intermodal competition
36. Assemble small shipments into a single - larger shipment.
Consignee
unified logistics structure
consolidate
inventory
37. 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
SKU (stock-keeping unit)
export management company
SCOR (Supply-Chain Operations Reference Model)
38. Piggyback traffic - or loading truck trailers onto rail flatcars.
reverse logistics
TOFC (trailer on flatcar)
FOB destination - freight collect
short sea shipping
39. Identifies opportunities to recover revenues or reduce costs associated with scrap - surplus - obsolete - and waste materials.
contract logistics
stockout
investment recovery
TWIC (Transportation Worker Identification Credential)
40. Combining smaller packages into larger unites that can be more efficiently handled at one time.
building-blocks concept
order fill rate
barge
order transmittal
41. The process of determining how a shipment will be moved between consignor and consignee or between place of acceptance by the carrier and place of delivery to the consignee.
stockout
terminal
GDP
routing
42. Considers a shipment's density (the amount of space occupied relative to weight) to determine a shipment's billable weight.
data
bulk-making
dimensional (dim) weight
short-interval scheduling
43. Locations that contain chemicals or other types of industrial wastes.
channel intermediaries
expediting
order triage
brownfields
44. Logistics activities are managed in multiple departments throughout an organizations.
building-blocks concept
rail gauge
fragmented logistics structure
FOB origin pricing
45. 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.
flags of convenience
DSS (Decision support system)
JIT (Just-in-time) approach
letter of credit
46. A document that notifies a transportation carrier of wrong or defective deliveries - delay - or other delivery shortcoming.
commercial invoice
freight claims
order picking and assembly
benchmarking
47. The buying and controlling of transportation services by either a shipper or consignee.
transportation management
contract logistics
quality-of-life considerations
Tactical (planning time horizon)
48. 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.
broker
centralized logistics organization
wireless communication
Incoterms 2000
49. Requires a certain percentage of traffic to move on a nation's flag vessels.
cargo preference
short-interval scheduling
private carrier
EDI (Electronic Data Interchange)
50. Refers to security throughout the entire supply chain.
free (foreign) trade zone
system security
ISO 9000
ABC (Activity-based costing)