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






2. Each separate type of item that is accounted for in an inventory.






3. A uniform sealed reusable metal 'box' in which goods are shipped.






4. An international trade specialist that can handle either vessel shipments or air shipments and that offers a number of different functions such as booking space on carriers - obtaining consular documents - and arranging for insurance - among other






5. Truck trailers on flatcars - also referred to as TOFC.






6. For-hire carriers that have been exempted from economic regulation through provisions in various pieces of legislation.






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






8. The number of times an inventory is used or replaced each year.






9. Stock that exceeds the reasonable requirements of an organization.






10. The distance between the inner sides of two parallel rail tracks.






11. Firm the helps a domestic company become involved in foreign sales. They often locate foreign firms that can be licensed to manufacture the product in the foreign country.






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






13. Often accompanies an SED and provides explicit shipment instructions.

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






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






16. Collects and stores information about transactions and may also control some aspects of transactions.






17. The level of inventory at which a replenishment order is placed.






18. A body of facts in a format suitable for decision making.






19. The amount of output divided by the amount of input.






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






21. Pricing that includes both the price of the product and the transportation cost of the product to the purchaser's receiving dock.






22. Emphasize the storage of products and their primary purpose is to maximize usage of available storage space.






23. 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.






24. The orders to be picked are identified by lights placed on shelves or racks.






25. Concept that suggests that all relevant activities in moving and storing products should be considered as a whole (i.e. - their total cost) - not individually.






26. Prohibition of trade between particular countries.






27. Raw materials - component parts - and supplies brought from outside organizations to support a company's operations.






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






29. Combining smaller packages into larger unites that can be more efficiently handled at one time.






30. A long-term arrangement between a shipper and another party to provide logistics services that is characterized by relational focus - a focus on mutual benefits - and the availability of customized offerings.






31. Unused available space.






32. A cartel consisting of nearly all the world's scheduled international airlines.






33. Uses the internet to make it easier - faster - and less expensive for an organization to purchase goods and services.






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






35. Inventories that are used or distributed together (e.g. razor blades and razors).






36. Product for which there is no demand.






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






38. Transport products that are ground into a powder - mixed with water - and then shipped in slurry form through a pipeline.






39. 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






40. Global Supply Chain Forum






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






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

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43. Inventory needed to satisfy demand during an order cycle.






44. Refers to software that has been developed for managers to deal with specifics logistics functions or activities (e.g. transportation management systems)






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






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






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






48. Retail industry initiative where trading partners share planning and forecasting data to better match supply and demand.






49. Computer-to-computer transmission of business data in a structured format.






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