D470 Competency 1

What are the two main components of logistics?

• Transport and Warehousing

• Materials Management and Distribution

• Inventory and Production

• Warehousing and Inventory

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

• Optimizing logistics functions separately

• Treating all logistics elements as a single integrated system

• Minimizing costs at the expense of service levels

• Reducing transportation time

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

• To provide tailored services

• To minimize costs and maximize productivity

• To gain competitive advantage through higher service levels

• To integrate information systems

What does sub-optimization in logistics refer to?

• Optimizing the entire system

• Optimizing one part at the expense of overall performance

• Minimizing trade-offs within components

• Integrating supply chain elements

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

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

• Air Freight

• Rail Freight

• Road Freight

• Sea Freight

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

• Total Energy Unit

• Transport Efficiency Unit

• Twenty-foot Equivalent Unit

• Terminal Efficiency Utility

Which of the following is a common shipping surcharge?

• Letter of Credit

• Full Liner Terms

• Bunker Adjustment Factor (BAF)

• TEU Ratio

Which transport document is essential for maritime cargo?

• Commercial Invoice

• Bill of Lading

• Certificate of Origin

• Packing List

What is the purpose of a freight forwarder?

• To operate ships and aircraft

• To issue shipping surcharges

• To oversee and manage the movement of freight

• To produce maritime cargo plans