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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. Material that is used to block and brace products inside carrier equipment to prevent the shipment from shifting in transit and becoming damaged.






2. A carrier's attempt to determine a shipment's location during the course of its move.






3. Refers to the fact that more items are recorded entering than leaving warehouse facilities.






4. Price of the product at its source plus transportation costs to its destination.






5. Money paid after an exchange.






6. Focuses on an organization's ability to respond to changes in demand with respect to volume and variety.






7. Positive - long-term relationships between supply chain participants.






8. 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.






9. Refers to logistical activities associated with goods that move across national boundaries.






10. Depicts the demand for - and replenishment of - inventory.






11. The cost of giving up an alternative opportunity.






12. Costs to seller when it is unable to supply an item to a customer ready to buy.






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






14. Refers to waterborne transportation that utilizes inland and coastal waterways to move shipments from domestic ports to their destination.






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






16. Satisfying current and emerging customer needs.






17. Mixes attributes of public and contract warehousing; services are more differentiated than a public facility but less customized than in a contract facility.






18. Elapsed time between a customer places an order and when the goods are received.






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






20. The need to rapidly move a shipment to its final destination.






21. Goods moving between two points - often accompanied by a live bill of lading.






22. The use of radio frequency to identify objects that have been implanted with an RFID tag.






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






24. Transportation service that is supplemental to line-haul transportation.






25. Refers to an alliance in the container trades in which ocean carriers retain their individual identities but cooperate in the area of operations.






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






27. State laws that specify that a worker does not have to join the union to work permanently at a facility.






28. These help various stake-holders to work together by interacting and sharing information in many different forms.






29. The buyer pays the freight charges when the goods arrive - and the seller owns the goods while they are in transit.






30. 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.






31. Provides specialized service to each customer based on a contractual arrangement.






32. People - equipment - and procedures to gather - sort - analyze - evaluate - and distribute needed - timely - and accurate information to logistics decision makers.






33. Employee theft.






34. Analyzing the impacts of small changes - such as adding or subtracting one unit of input.






35. Inventory is replenished on a constant - set schedule and is always ordered at a specific time; the quantity ordered varies depending on forecasted sales before the next order date.






36. A system that simplifies each of the three primary rate factors - product - weight - and distance.






37. The buying and controlling of transportation services by either a shipper or consignee.






38. Refers to employees who do not follow company guidelines about which suppliers to use in particular situations.






39. An inventory system that responds to forecasted (rather than actual) customer demand.






40. A U.S. government agency with primary responsibility for regulating railroad pricing and service.






41. Bill of Lading






42. 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.






43. A measure of how heavy a product is in relation to its size.






44. Compares actual experience to the expected experience and if the actual experience equals or exceeds the expected experience - then the customer is satisfied.






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






46. A warehousing facility that is owned or occupied on a long-term lease by the firm using it.






47. Day-to-day decision making - Operations controlled against standards and rules - Control via weekly/monthly reports - The implementation of the operational plan






48. 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.






49. A payment from a shipper or consignee to a truck carrier for having kept the carrier's equipment too long.






50. The use of speech to guide order-picking activities.







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