Test your basic knowledge |

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. 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.






2. A small platform (made of plastic - steel - or wood) on which goods are placed for handling by mechanical means.






3. Simulation of the types of problems that the package will be exposed to in warehouses and in transit.






4. Products are produced prior to receiving a customer order.






5. Assumes that one or more factors are related to demand - and the relationship between cause and effect can be used to estimate future demand.






6. Groups of customers with similar logistical needs and wants are provided with logistics service appropriate to those needs and wants.






7. The movement and storage of materials into a firm.






8. Each product is assigned a specific location in a warehouse and is always stored there.






9. The short-distance movement of material between two or more points.






10. In transportation - a small quantity or small package.






11. 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.






12. Gross domestic product






13. The time from when a transportation carrier picks up the shipment until it is received by the customer.






14. Refer to the manner by which a seller will be paid by a buyer for an international transaction.






15. Strategic - Tactical - Operational






16. A common credential that will be used to identify workers across all modes of transportation.






17. Cargo reaches a vehicle's or a container's weight capacity without filling its cubic capacity.






18. 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.






19. An approach for locating a single facility that minimizes the distance to existing facilities.






20. An individual or firm in the business of carrying cargo or passengers.






21. Software packages that control the movement and storage of materials within a warehousing facility.






22. Refers to the value or usefulness that comes from a customer being able to take possession of a product.






23. 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






24. Established in the late 1980s to recognize U.S. organizations for their achievements in quality and performance.






25. Flatboard boat used to transport heavy products.






26. A framework that identifies eight relevant processes - such as customer relationship management - demand management - and order fulfillment - associated with supply chain management.






27. Requires a certain percentage of traffic to move on a nation's flag vessels.






28. Boxes or other containers secured to a pallet or slip sheet.






29. The cost of giving up an alternative opportunity.






30. 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.






31. Refers to the number of transportation modes available to prospective users.






32. A program in which public and private organizations work together to prevent terrorism against the United States through imports and transportation.






33. Buyer pays a lower freight charge than the shipper incurs in shipping the product.






34. 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






35. Concept that recognizes that because inventories are not of equal value to a firm - they should not be managed in the same way.






36. Prohibition of trade between particular countries.






37. Actual physical movement of goods and people between two points.






38. Refers to forecasting that involves judgment or intuition and is preferred in situations where there is limited - or no - historical data.






39. Refers to corporate officers such as a chief executive officer (CEO) - chief operating officer (COO) - or chief financial officer (CFO).

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


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






41. An organization maintains a single logistics department that administers the related activities for the entire company from the home office.






42. Changes to one logistics activity cause some costs to increase and others to decrease.






43. 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.






44. Refers to ships that register in nations that have lax maritime registration rules - particularly with respect to safety requirements.






45. Piggyback traffic - or loading truck trailers onto rail flatcars.






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






47. Contains relevant export transaction data such as the transportation mode(s) - transaction participants - and description of what is being exported.

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


48. An international logistics specialist that custom packs shipments when the exporter lacks the equipment or expertise to do so itself.






49. Utilizes sophisticated quantitative techniques to find hidden patterns in large volumes of data.






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