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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. Separating products into grades and qualities desired by different target markets.
electronic commerce
cube out
sorting
channel intermediaries
2. Refers to choosing the locations for distribution centers - warehouses - and production facilities to facilitate logistical effectiveness and efficiency.
facility location
fragmented logistics structure
grid system
data mining
3. A specific rate for every possible combination of product - weight - and distance.
EOQ (Economic Order Quanitity)
commodity rate
EDI (Electronic Data Interchange)
density
4. Organizations that exploit workers and that do not comply with fiscal and legal obligations toward employees.
information (channel) strategy
perfect order
sweatshops
kickbacks
5. Groups of customers with similar logistical needs and wants are provided with logistics service appropriate to those needs and wants.
containers
tailored logistics
systems analysis
GDP
6. Conformance to mutually agreed upon requirements.
sorting
quality
pick-to-light technology
private warehousing
7. Actual physical movement of goods and people between two points.
transportation
class rate system
transaction processing system
AI
8. A strategic orientation in which traditional logistics activities are managed as a value-added system.
process strategy
Application-specific software
flags of convenience
concealed damage
9. Refers to how easy a commodity is to pack into a load.
FOB destination (delivered) pricing
time series forecasting
stowability
export management company
10. Positive - long-term relationships between supply chain participants.
freight bill
partnerships
delivery window
DSS (Decision support system)
11. Often accompanies an SED and provides explicit shipment instructions.
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12. According to the Council of Supply Chain Management Professionals - SCM encompasses the planning and management of all activities involved in sourcing and procurement - conversion - and all logistics management activities. Importantly - it also i
Incoterms 2000
SCM (Supply Chain Management)
nodes
FOB destination (delivered) pricing
13. Involves rearranging the quantities and assortment of products as they move through the supply chain.
accessorial service
regrouping function
C-TPAT (Customs Trade Partnership Against Terrorism)
transportation management
14. Situation where a process - procedure - or system yields less than the best possible outcome or output - caused by a lack of best possible coordination between different components - elements - parts - etc.
international freight forwarders
closed-loop systems
pull inventory system
suboptimization
15. The level of inventory at which a replenishment order is placed.
ERP (Enterprise Resource Planning system)
nodes
freight absorption
ROP (reorder point)
16. For-hire carriers that have been exempted from economic regulation through provisions in various pieces of legislation.
parcel carriers
exempt carrier
place utility
FOB origin - freight prepaid
17. Characterized by variability in demand orders among supply chain participants.
obsolete materials
kickbacks
bullwhip effect
contract carrier
18. Mixes attributes of public and contract warehousing; services are more differentiated than a public facility but less customized than in a contract facility.
closed-loop systems
cross-docking
multiclient warehousing
market strategy
19. 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
reconsignment
complementary products
GDP
20. Software packages that control the movement and storage of materials within a warehousing facility.
WMS (Warehouse Management Systems)
cube out
order processing
intramodal competition
21. Assumes that one or more factors are related to demand - and the relationship between cause and effect can be used to estimate future demand.
fixed slot location
maverick spending
ROP (reorder point)
cause and effect forecasting
22. Occurs in delivered pricing when a buyer pays an excessive freight charge calculated into the price of the goods.
phantom freight
weighted center-of-gravity approach
opportunity costs
DOT (Department of Transportation)
23. Day-to-day decision making - Operations controlled against standards and rules - Control via weekly/monthly reports - The implementation of the operational plan
commercial invoice
freight claims
decentralized logistics organization
Operational (planning time horizon)
24. Storage of finished product and movement to the customers.
information (channel) strategy
transponders
physical distribution
stockout
25. Each separate type of item that is accounted for in an inventory.
package testing
mass logistics
complementary products
SKU (stock-keeping unit)
26. 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.
routing
Bill of Lading
empowerment zone
supply chain
27. A company that helps both shipper and carrier achieve lower freight rates and more efficient utilization of carrier equipment. Brokers also help match carriers to loads.
facility closing
facility relocation
broker
pick-to-light technology
28. A product that gains weight in processing; the processing point should be close to the market.
customer satisfaction
warehousing
weight-gaining product characteristics
unitization
29. Facilitators that make the channel function better.
channel intermediaries
make-to-order
seamless distribution
goods in transit
30. A firm must move operations to another facility to better serve suppliers or customers.
facility relocation
variable slot location
certificate of origin
letter of credit
31. The shipper of goods.
pipeline (in-transit) stock
reconsignment
commercial invoice
Consignor
32. Absolute limits to the quantity of a product that can be imported into a country during a particular time period.
import quotas
in bond
global procurement (sourcing)
Malcolm Baldrige National Quality Award
33. Plastic wrapping that when heated shrinks in size to form a cover over the product.
shrink-wrap
inventory turnover
Maquiladora
bulk-making
34. 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.
Incoterms 2000
goods in transit
bulk cargo
order delivery
35. Refers to systems that consider the return flow of products - their reuse - and the marketing and distribution of recovered products.
consolidate
ABC (Activity-based costing)
unified logistics structure
closed-loop systems
36. Numbers assigned to various types of freight - based mainly on the carrier's costs of handling that type of product - and - along with weight and distance - used as a basis for determining the costs of shipment.
pilferage
classification
industry systems analysis
system constraints
37. A framework that identifies eight relevant processes - such as customer relationship management - demand management - and order fulfillment - associated with supply chain management.
tailored logistics
possession utility
FOB destination (delivered) pricing
GSCF model
38. Occurs when the shipper notifies the carrier - prior to the shipment's arrival in the destination city - of a change in destination.
diversion
dunnage
land bridge
GPS (Global positioning systems)
39. 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
industry systems analysis
co-branding
international freight forwarders
FOB destination (delivered) pricing
40. A carrier's attempt to determine a shipment's location during the course of its move.
DOT (Department of Transportation)
economic utility
TEU
tracing
41. Established in the late 1980s to recognize U.S. organizations for their achievements in quality and performance.
associative forecasting
Malcolm Baldrige National Quality Award
facility closing
comprehensive systems analysis
42. Considers a shipment's density (the amount of space occupied relative to weight) to determine a shipment's billable weight.
office automation systems
line-haul
tailored logistics
dimensional (dim) weight
43. Taxes that governments place on the importation of certain items.
Container Security Initiative (CSI)
push inventory system
concealed damage
tariffs
44. Strategic - Tactical - Operational
sorting
The major functions of the different planning time horizons
channel intermediaries
Operational (planning time horizon)
45. Pricing that includes both the price of the product and the transportation cost of the product to the purchaser's receiving dock.
TWIC (Transportation Worker Identification Credential)
closed-loop systems
make-to-order
FOB destination (delivered) pricing
46. The buying and controlling of transportation services by either a shipper or consignee.
cycle (base) stock
CPFR (Collaborative planning - forecasting - and replenishment)
possession utility
transportation management
47. Product for which there is no demand.
terms of payment
dead inventory (stock)
fixed order interval system
voice-based order picking
48. The depth in the water to which a vessel can be loaded.
opportunity costs
order management
draft
productivity
49. Refers to the fact that more items are recorded entering than leaving warehouse facilities.
procurement (purchasing)
channel intermediaries
shipper's export declaration (SED)
inventory shrinkage
50. Combining smaller packages into larger unites that can be more efficiently handled at one time.
package testing
building-blocks concept
short-interval scheduling
common carrier