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Test your basic knowledge |
Logistics Vocab
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Subject
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business-skills
Instructions:
Answer 50 questions in 15 minutes.
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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 logistical activities associated with goods that move across national boundaries.
Consignee
documentation
stowability
international logistics
2. Consolidates freight shipments and buys transportation services in volume rates.
freight absorption
marginal analysis
freight forwarder
supplier development (reverse marketing)
3. Inventories that are used or distributed together (e.g. razor blades and razors).
Maquiladora
fixed slot location
substitute products
complementary products
4. Refers to security throughout the entire supply chain.
industry systems analysis
pure materials
system security
inbound logistics
5. The number of times an inventory is used or replaced each year.
inventory turnover
bulk-making
third-party logistics (logistics outsourcing)
procurement (purchasing)
6. An international logistics specialist that custom packs shipments when the exporter lacks the equipment or expertise to do so itself.
TOFC
accumulating
export packers
associative forecasting
7. Refers to the value or usefulness of a product in fulfilling customer needs and wants.
economic utility
customer service
relevancy
routing
8. One location where customers can purchase products from two or more name-brand retailers.
bulk-breaking
transaction processing system
ocean carrier alliances
co-branding
9. Provides guidance in terms of a preferred list of carriers for shipments moving between two points.
freight bill
routing guide
stowability
brownfields
10. Includes all activities from when an appropriate location is authorized to fill an order until goods are loaded aboard an outbound carrier.
slip sheet
postponement
distribution center
order picking and assembly
11. Refer to materials that are not likely to ever be used by the organization that purchased it.
logistics information system
obsolete materials
freight absorption
systems analysis
12. A buyer invites bids from multiple sellers - and the seller with the lowest bid is often awarded the business.
consolidate
SCOR (Supply-Chain Operations Reference Model)
reverse auctions
productivity
13. A system in which products are stored wherever there is empty space available in a warehouse.
variable slot location
facility location
backhaul
containers
14. Movement and storage of raw materials - parts - and components within a firm.
routing guide
STB (Surface Transportation Board)
accessorial service
materials management
15. A carrier or public facility where freight (or passengers) is shifted between vehicles or modes.
centralized logistics organization
terminal
commodity rate
order processing
16. A strategic orientation in which traditional logistics activities are managed as a value-added system.
certificate of origin
load center
process strategy
weight break
17. 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
accessorial service
ergonomics
unitization
18. Companies whose primary business is other than transportation provide their own transportation service by operating truck - railcars - barges - ships - or airplanes.
obsolete materials
facility relocation
data mining
private carrier
19. A substance or material in a quantity and form that may pose an unreasonable risk to health and safety or property when transported in commerce.
OSHA (Occupational Safety and Health Administration)
hazardous materials
barge
GPS (Global positioning systems)
20. A product that gains weight in processing; the processing point should be close to the market.
private warehousing
weighing out
seamless distribution
weight-gaining product characteristics
21. 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.
product recall
form utility
scrap materials
data mining
22. Prohibition of trade between particular countries.
goods in transit
embargoes
empowerment zone
CPA (Customer profitability analysis)
23. Use satellites that allow companies to compute vehicle positions - velocity - and time.
warehousing
supply management
GPS (Global positioning systems)
amodal shipper
24. The cost of giving up an alternative opportunity.
opportunity costs
private carrier
demand management
data mining
25. Logistics-related decisions are made separately at the divisional or product group level and often in different geographic regions.
transponders
time utility
decentralized logistics organization
co-branding
26. Day-to-day decision making - Operations controlled against standards and rules - Control via weekly/monthly reports - The implementation of the operational plan
cross-docking
weight-gaining product characteristics
Operational (planning time horizon)
responsiveness
27. 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.
information
routing
public warehousing
bonded storage
28. Twenty-foot equivalent unit; a measure of the number of 20-foot containers that are used or handled.
TEU
Operational (planning time horizon)
inventory
backhaul
29. Refers to an alliance in the container trades in which ocean carriers retain their individual identities but cooperate in the area of operations.
ERP (Enterprise Resource Planning system)
order transmittal
ocean carrier alliances
logistics
30. Inventory needed to satisfy demand during an order cycle.
line-haul
cargo preference
empowerment zone
cycle (base) stock
31. These help various stake-holders to work together by interacting and sharing information in many different forms.
communication system
expediting
opportunity costs
certificate of origin
32. System that attempts enterprisewide coordination of relevant business processes by allowing (conceptually - at least) all functional areas within a firm to access and analyze a common database.
centralized logistics organization
ERP (Enterprise Resource Planning system)
order delivery
theft
33. A body of facts in a format suitable for decision making.
TOFC (trailer on flatcar)
information
seamless distribution
weight-losing product characteristics
34. Electronic devices that read bar codes and can be used to keep track inventory - reorder inventory - and analyze inventory patterns.
containers
amodal shipper
bar-code scanners
LSP (Logistics Service Provider)
35. A payment from a shipper or consignee to a truck carrier for having kept the carrier's equipment too long.
cycle (base) stock
detention
simulation
commercial invoice
36. Breaking larger quantities into smaller quantities.
facility location
materials handling
allocating
weight-losing product characteristics
37. The use of radio frequency to identify objects that have been implanted with an RFID tag.
OSHA (Occupational Safety and Health Administration)
public warehousing
bullwhip effect
RFID (radio-frequency identification)
38. Positive - long-term relationships between supply chain participants.
unit load devices
information
back order
partnerships
39. Refers o cargo stowed loose - without specific packing - and generally handled with a pump - scoop - or shovel.
bulk cargo
distribution center
inventory shrinkage
concealed damage
40. Employee theft.
pilferage
co-branding
customer satisfaction
procurement (purchasing)
41. Requires a certain percentage of traffic to move on a nation's flag vessels.
simulation
cargo preference
freight bill
order fill rate
42. Facilitators that make the channel function better.
transit time
responsiveness
channel intermediaries
expediting
43. Manufacturing plants that exist just south of the U.S.-Mexican border.
order delivery
push inventory system
sweatshops
Maquiladora
44. Goods that flow from the consumer to the manufacturer (e.g. - product recalls and product recycling).
reverse logistics
private carrier
terminal
industry systems analysis
45. Stock that exceeds the reasonable requirements of an organization.
information
FOB destination (delivered) pricing
excess (surplus) materials
draft
46. An intermediary that oversees the efficient movement of importers' goods (and accompanying paperwork) through customs and other inspection points.
inventory carrying (holding) costs
pick-to-light technology
customs broker
SCM (Supply Chain Management)
47. Money paid before an exchange.
weight-losing product characteristics
industry systems analysis
SCM (Supply Chain Management)
bribes
48. A system in which the size and timing of replenishment orders into a retailer's system are the manufacturer's responsibility.
system constraints
global procurement (sourcing)
GSCF model
VMI (vendor-managed inventory)
49. A degree of aggressive procurement involvement not normally encountered in supplier selection.
cube out
supplier development (reverse marketing)
communication system
agile supply chain
50. Elapsed time between a customer places an order and when the goods are received.
supplier development (reverse marketing)
The major functions of the different planning time horizons
order cycle
ROP (reorder point)
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