D470 Competency 1

Front

What are the two main components of logistics?

Back

Materials Management and Distribution

Front

What does the Total Logistics Concept (TLC) aim to achieve?

Back

Treating all logistics elements as a single integrated system

Front

What is the primary goal of a cost leader in logistics?

Back

To minimize costs and maximize productivity

Front

What does sub-optimization in logistics refer to?

Back

Optimizing one part at the expense of overall performance

Front

Which of the following is a global logistics complexity? Shortened supply lead times, Reduced transport options, Complicated supply chain networks, Decreased visibility of the supply chain

Back

Complicated supply chain networks

Front

Which transportation mode is known for its high bulk-handling capacity and energy efficiency?

Back

Rail Freight

Front

What is a "TEU" in the context of maritime transport?

Back

Twenty-foot Equivalent Unit

Front

Which of the following is a common shipping surcharge? Letter of Credit, Full Liner Terms, Bunker Adjustment Factor (BAF), TEU Ratio

Back

Bunker Adjustment Factor (BAF)

Front

Which transport document is essential for maritime cargo?

Back

Bill of Lading

Front

What is the purpose of a freight forwarder?

Back

To oversee and manage the movement of freight