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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. Similar to diversion - but it occurs after the shipment has arrived in the destination city.






2. A group of forecasting techniques that is based on the idea that future demand is solely dependent on past demand.






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

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4. Refers to alphanumeric identification that specifies where a product was processed or manufactured.






5. A strategic orientation in which traditional logistics activities are managed as a value-added system.






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






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






8. A document that notifies a transportation carrier of wrong or defective deliveries - delay - or other delivery shortcoming.






9. Locations that contain chemicals or other types of industrial wastes.






10. Allow companies to produce digital maps that can drill down to site-specific qualities such as bridge heights.






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






12. A strategic orientation in which a limited number of traditional logistics activities are managed across business units.






13. All activities associated with the flow and transformation of goods from the raw material stage - through to the end user - as well as the associated information flows.






14. Conformance to mutually agreed upon requirements.






15. Measurement that ensures conformity with an organization's policies - procedures - or standards.






16. Artificial intelligence - Sophisticated use of the computer in which it is programmed to 'think' as a trained - skilled human in specific situations.






17. Fixed facilities - such as a plant - warehouse - or store - in a logistics system.






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






19. The number of tons times the number of miles.






20. Prohibition of trade between particular countries.






21. 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.






22. Breaking larger quantities into smaller quantities.






23. Flatboard boat used to transport heavy products.






24. Refers to the amount of product entering and leaving a facility in a given time period.






25. Facts or recorded measures of certain phenomena.






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






27. 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.






28. Restrictions other than tariffs that are placed on imported products.






29. The seller pays the freight charges in advance but bills the buyer for them. The buyer owns the goods in transit.






30. Specifies the country(ies) in which a product is manufactured.






31. The pick location is brought to the picker (e.g. - carousels).






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






33. These are material that have been spoiled - broken - or otherwise rendered unfit for further use or reclamation.






34. Assemble small shipments into a single - larger shipment.






35. A company discontinues operations at a current site because the operations are no longer needed or can be absorbed by other facilities.






36. Occurs in delivered pricing when a buyer pays an excessive freight charge calculated into the price of the goods.






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






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






39. Logistics activities are managed in multiple departments throughout an organizations.






40. Economic activity that can be conducted via electronic connections such as EDI and the internet.






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






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






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






44. Use satellites that allow companies to compute vehicle positions - velocity - and time.






45. Companies that specialize in providing various types of logistics services.






46. 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.






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






48. A warehouse with an emphasis on quick throughput - such as is needed in supporting marketing efforts.






49. The time from when the seller receives an order until an appropriate location is authorized to fill the order.






50. Product for which there is no demand.







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