IBE - Logistics

What does "accurate" mean in logistics context?

• Fast delivery
• Exact and correct in all details
• Low cost
• High volume

Mason is trying to understand how an "agile" supply chain works in his logistics class. He learns that an "agile" supply chain is:

• A slow-moving system

• An expensive operation

• A quickly adaptable system

• A fixed structure

When Maya ordered a new gaming console, she received a notification that it was on "backorder." What does this mean?

• It's currently in stock

• It's temporarily out of stock but ordered

• It's discontinued

• It's being returned

Rohan is managing a logistics company and needs to optimize his shipping process. He is considering how to handle multiple orders from different customers. What does "Consolidation" in logistics refer to?

• Splitting shipments

• Combining multiple shipments

• Canceling orders

• Returning goods

What is "distribution"?

• Manufacturing goods
• Storing products
• Supplying goods to retailers
• Purchasing raw materials

Mia is trying to figure out how much money she needs to save for a new bike. She decides to make an "estimate" of the total cost based on her research.

• An exact calculation

• A rough calculation

• A final price

• A discount

Maya is working on a project and needs to find a way to "expedite" the process. What does it mean to "expedite"?

• Slow down

• Cancel

• Speed up

• Postpone

A "forecast" helps in:

• Current inventory counting
• Past sales analysis
• Future demand prediction
• Quality control

What best describes "inventory" in Rohan's grocery store?

• Shipping documents

• List of items in stock

• Customer orders

• Delivery schedule

A "lean" operation focuses on:

• Maximum waste
• Minimum efficiency
• Maximum storage
• Minimum waste