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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. Characterized by variability in demand orders among supply chain participants.
shrink-wrap
warehouse
Nonvessel-operating common carrier (NVOCC)
bullwhip effect
2. A technique that seeks to better understand the cost of a product by identifying what activities drive particular costs.
pull inventory system
brownfields
ABC (Activity-based costing)
order transmittal
3. Analogous to personal property taxes paid by individuals - and inventory tax is based on the value of inventory that is held by an organization on the assessment date.
EOQ (Economic Order Quanitity)
complementary products
freight absorption
inventory tax
4. Inventory that is held for several reasons such as seasonal demand - projected price increases - and potential product shortages.
facility closing
speculative stock
amodal shipper
weight break
5. In transportation - a small quantity or small package.
CPFR (Collaborative planning - forecasting - and replenishment)
allocating
FOB origin - freight prepaid
parcel
6. Manufacturing plants that exist just south of the U.S.-Mexican border.
weighing out
certificate of origin
Maquiladora
third-party logistics (logistics outsourcing)
7. 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
DSS (Decision support system)
cargo preference
perfect order
8. 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.
supply chain collaboration
pull inventory system
transportation
FOB destination (delivered) pricing
9. A location technique utilizing a map or grid - with specific locations marked on the north-south and east-west axes. Its purpose is to find a location that minimizes transportation costs.
grid system
FOB origin pricing
pipeline (in-transit) stock
customer service
10. Material that is used to block and brace products inside carrier equipment to prevent the shipment from shifting in transit and becoming damaged.
dunnage
investment recovery
stockout
customs broker
11. Refers to software that has been developed for managers to deal with specifics logistics functions or activities (e.g. transportation management systems)
GDP
shipper's letter of instruction (SLI)
Application-specific software
International Air Transport Association (IATA)
12. Bringing together inventory from different sources.
detention
part-to-picker system
bulk-making
pallet (skid)
13. Terminal-to-terminal movement of freight or passengers.
parcel carriers
inventory tax
maverick spending
line-haul
14. Refers to warehousing situations where goods are not released until applicable fees are paid. As an example - Internal Revenue Service - bonded warehouses hold goods other federal taxes and fees collected.
package testing
sweatshops
warehousing
bonded storage
15. An inventory system that responds to forecasted (rather than actual) customer demand.
electronic procurement (e-procurement)
Nonvessel-operating common carrier (NVOCC)
tariffs
push inventory system
16. Refer to the manner by which a seller will be paid by a buyer for an international transaction.
stockout
seamless distribution
contract (third-party) warehousing
terms of payment
17. Use satellites that allow companies to compute vehicle positions - velocity - and time.
centralized logistics organization
tariffs
fixed order quantity system
GPS (Global positioning systems)
18. Each separate type of item that is accounted for in an inventory.
unified logistics structure
SKU (stock-keeping unit)
TOFC
co-branding
19. The buyer pays the freight charges when the goods arrive - and the seller owns the goods while they are in transit.
slurry systems
relationship management
FOB destination - freight collect
Container Security Initiative (CSI)
20. 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.
shippers' associations
letter of credit
shipper's export declaration (SED)
amodal shipper
21. 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
shrink-wrap
inventory turnover
procurement (purchasing)
Strategic (planning time horizon)
22. Simulation of the types of problems that the package will be exposed to in warehouses and in transit.
demand management
cause and effect forecasting
package testing
Strategic (planning time horizon)
23. Elapsed time between a customer places an order and when the goods are received.
ergonomics
dunnage
order cycle
backhaul
24. Flatboard boat used to transport heavy products.
land bridge
barge
procurement (purchasing)
fixed order interval system
25. Refers to alphanumeric identification that specifies where a product was processed or manufactured.
containers
batch number
opportunity costs
system security
26. Collects and stores information about transactions and may also control some aspects of transactions.
partial systems analysis
cargo preference
transaction processing system
consolidate
27. A small device that responds to radio signals from an outside source.
class rate system
freight claims
transponders
rail gauge
28. A company discontinues operations at a current site because the operations are no longer needed or can be absorbed by other facilities.
line-haul
SCM (Supply Chain Management)
facility closing
postponement
29. Companies that specialize in providing various types of logistics services.
LSP (Logistics Service Provider)
DOT (Department of Transportation)
VMI (vendor-managed inventory)
GDP
30. Inventory that is held in addition to cycle stock to guard against uncertainties in supply and/or lead time.
safety (buffer) stock
expediting
facility location
TWIC (Transportation Worker Identification Credential)
31. A framework that identifies eight relevant processes - such as customer relationship management - demand management - and order fulfillment - associated with supply chain management.
transaction processing system
control
GSCF model
EDI (Electronic Data Interchange)
32. Electronic devices that read bar codes and can be used to keep track inventory - reorder inventory - and analyze inventory patterns.
place utility
bar-code scanners
ERP (Enterprise Resource Planning system)
accumulating
33. Employee theft.
certificate of origin
Incoterms 2000
public warehousing
pilferage
34. A group of forecasting techniques that is based on the idea that future demand is solely dependent on past demand.
decentralized logistics organization
Bill of Lading
information (channel) strategy
time series forecasting
35. A company's objectives can be realized by recognizing the mutual interdependence of the major functional areas of the firm - such as marketing - production - finance - and logistics.
STB (Surface Transportation Board)
short-interval scheduling
systems approach
pure materials
36. Refers to logistical activities associated with goods that move across national boundaries.
'C-level' position
international logistics
barge
shrink-wrap
37. Provides specialized service to each customer based on a contractual arrangement.
embargoes
contract carrier
excess capacity
rail gauge
38. A process for returning a customer to a state of satisfaction after a service or product has failed to live up to expectations.
supply management
service recovery
tracing
ERP (Enterprise Resource Planning system)
39. Materials that lose no weight in processing.
pure materials
Strategic (planning time horizon)
STB (Surface Transportation Board)
fourth-party logistics (lead logistics provider)
40. Refers to removing impediments to the flow of information and goods.
data mining
seamless distribution
dead inventory (stock)
relationship management
41. The term associated with the handling of unit loads.
short-interval scheduling
shipping conferences
unitization
shipper's letter of instruction (SLI)
42. Products are produced after receiving a customer order.
transaction processing system
make-to-order
warehousing
cube out
43. Products are produced prior to receiving a customer order.
push inventory system
relevancy
make-to-stock
supply chain
44. Goods that flow from the consumer to the manufacturer (e.g. - product recalls and product recycling).
reverse logistics
physical distribution
private warehousing
slurry systems
45. A document used in cross-border trade that summarizes the entire transaction and contains key information such as a description of the goods - terms of sale and payments - and so on.
weight-losing product characteristics
commercial invoice
brownfields
electronic commerce
46. 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.
Container Security Initiative (CSI)
assorting
shrink-wrap
letter of credit
47. Inventories that are used or distributed together (e.g. razor blades and razors).
FOB destination - freight prepaid and charged back
complementary products
unit load devices
order delivery
48. A one-size-fits-all approach in which every customer gets the same type and levels of logistics service.
shipper's letter of instruction (SLI)
back order
inventory
mass logistics
49. The time from when the seller receives an order until an appropriate location is authorized to fill the order.
EOQ (Economic Order Quanitity)
OSHA (Occupational Safety and Health Administration)
certificate of origin
order processing
50. Day-to-day decision making - Operations controlled against standards and rules - Control via weekly/monthly reports - The implementation of the operational plan
international freight forwarders
Operational (planning time horizon)
inventory flow diagram
EDI (Electronic Data Interchange)