Vocabulary for Describing Logistics and Supply Chain Management

Instructions:

This quiz contains 15 multiple-choice questions about vocabulary for describing logistics and supply chain management. Read each question carefully and choose the answer that best fits.

Let’s get started!

Q1. What is the definition of ‘inventory’?
A) The tracking of goods or assets
B) The stock of goods held within a business
C) The planning of production schedules
D) The monitoring of supply chain performance

Q2. What is the definition of ‘supply chain’?
A) The tracking of goods or assets
B) The stock of goods held within a business
C) The planning of production schedules
D) The management of the flow of goods and services

Q3. What is the definition of ‘outsourcing’?
A) The transfer of services and operations to a third party
B) The monitoring of supply chain performance
C) The stock of goods held within a business
D) The tracking of goods or assets

Q4. What is the definition of ‘distribution’?
A) The tracking of goods or assets
B) The management of the flow of goods and services
C) The planning of production schedules
D) The physical movement of goods from one place to another

Q5. What is the definition of ‘receiving’?
A) The stock of goods held within a business
B) The planning of production schedules
C) The physical process of obtaining goods
D) The management of the flow of goods and services

Q6. What is the definition of ‘demand forecasting’?
A) The tracking of goods or assets
B) The monitoring of supply chain performance
C) The estimate of future customer needs
D) The physical movement of goods from one place to another

Q7. What is the definition of ‘third-party logistics’?
A) The tracking of goods or assets
B) The management of the flow of goods and services
C) The use of external suppliers to manage supply chain operations
D) The physical movement of goods from one place to another

Q8. What is the definition of ‘procurement’?
A) The physical process of obtaining goods
B) The tracking of goods or assets
C) The estimate of future customer needs
D) The acquisition of goods and services from external sources

Q9. What is the definition of ‘warehousing’?
A) The management of the flow of goods and services
B) The tracking of goods or assets
C) The storage of goods prior to distribution
D) The acquisition of goods and services from external sources

Q10. What is the definition of ‘value-added services’?
A) The acquisition of goods and services from external sources
B) The physical process of obtaining goods
C) The transfer of services and operations to a third party
D) Additional services provided to customers throughout the supply chain

Q11. What is the definition of ‘delivery’?
A) The transfer of services and operations to a third party
B) The physical process of obtaining goods
C) The physical movement of goods from one place to another
D) The management of the flow of goods and services

Q12. What is the definition of ‘packaging’?
A) The tracking of goods or assets
B) The physical movement of goods from one place to another
C) The use of external suppliers to manage supply chain operations
D) The process of enclosing goods for storage and transportation

Q13. What is the definition of ‘quality control’?
A) The acquisition of goods and services from external sources
B) The physical process of obtaining goods
C) The management of the flow of goods and services
D) The evaluation of the condition of goods to ensure they meet requirements

Q14. What is the definition of ‘logistics’?
A) The physical process of obtaining goods
B) The management of the flow of goods and services
C) The transfer of services and operations to a third party
D) The design and implementation of systems to manage the movement of goods

Q15. What is the definition of ‘supply chain management’?
A) The tracking of goods or assets
B) The evaluation of the condition of goods to ensure they meet requirements
C) The integration of processes and activities within a business
D) The design and implementation of systems to manage the movement of goods

We hope you enjoyed this quiz and that it gave you a better understanding of the vocabulary used to describe logistics and supply chain management. Good luck!