MSSC CLT (Certified Logistics Technician) EXAM
TERMS STUDY GUIDE.
Fixed order quantity ordering
✔✔An inventory system, such as economic order quantity, in which the
same order quantity is used from order to order. The time between orders
(order period) then varies from order to order.
Free trade agreements
✔✔An agreement between one or more countries which eliminates tariffs,
import quotas, and preferences on most (if not all) goods and services
traded between them.
Freight forwarders
✔✔The 'middle man' between the carrier and the organization shipping
the product. Often combines smaller shipments to take advantage of lower
bulk costs.
Full truckload (FTL)
✔✔When the load from one customer fills up the whole truck.
Grounding
✔✔A special form of bonding in which conductive equipment is connected
to an earthing electrode or to the building grounding system in order to
prevent sparking between conductive equipment and grounded structures.
Hazard Communication (HAZCOM)
✔✔Also known as the Right-to-Know law. HAZCOM is based on the idea
that every worker has the right to know the dangers of the materials they
, are exposed to at work. The law requires employers to tell employees
about the dangers of hazmats and what they can do to protect
themselves— before they begin working.
Hazardous material (hazmat)
✔✔Hazardous material defined by environmental laws and legal
precedents. A product has been defined as hazardous by regulations that
impose stiff fines if the regulations are ignored.
Hazmat employee
✔✔Any worker who directly affects the safe transportation of hazardous
materials.
High density storage
✔✔Storage system which allows pallets to be stored more than one unit
deep or high.
Import quota
✔✔A limit on the quantity of a good that can be produced abroad and
sold domestically.
Inventory turnover
✔✔The number of times that an inventory cycles, or "turns over," during
the year. A frequently used method to compute inventory turnover is to
divide the average inventory level into the annual cost of sales.
Item
✔✔Any unique manufactured or purchased part, material, intermediate,
subassembly, or product.
TERMS STUDY GUIDE.
Fixed order quantity ordering
✔✔An inventory system, such as economic order quantity, in which the
same order quantity is used from order to order. The time between orders
(order period) then varies from order to order.
Free trade agreements
✔✔An agreement between one or more countries which eliminates tariffs,
import quotas, and preferences on most (if not all) goods and services
traded between them.
Freight forwarders
✔✔The 'middle man' between the carrier and the organization shipping
the product. Often combines smaller shipments to take advantage of lower
bulk costs.
Full truckload (FTL)
✔✔When the load from one customer fills up the whole truck.
Grounding
✔✔A special form of bonding in which conductive equipment is connected
to an earthing electrode or to the building grounding system in order to
prevent sparking between conductive equipment and grounded structures.
Hazard Communication (HAZCOM)
✔✔Also known as the Right-to-Know law. HAZCOM is based on the idea
that every worker has the right to know the dangers of the materials they
, are exposed to at work. The law requires employers to tell employees
about the dangers of hazmats and what they can do to protect
themselves— before they begin working.
Hazardous material (hazmat)
✔✔Hazardous material defined by environmental laws and legal
precedents. A product has been defined as hazardous by regulations that
impose stiff fines if the regulations are ignored.
Hazmat employee
✔✔Any worker who directly affects the safe transportation of hazardous
materials.
High density storage
✔✔Storage system which allows pallets to be stored more than one unit
deep or high.
Import quota
✔✔A limit on the quantity of a good that can be produced abroad and
sold domestically.
Inventory turnover
✔✔The number of times that an inventory cycles, or "turns over," during
the year. A frequently used method to compute inventory turnover is to
divide the average inventory level into the annual cost of sales.
Item
✔✔Any unique manufactured or purchased part, material, intermediate,
subassembly, or product.
