L&SC R1

Which of the following is NOT a sub-function of logistics?

• Packing

• Transport/Delivery

• Product development

• Storage/Warehousing

Which of the following is NOT one of the three types of flows in a supply chain?

• Customer flow

• material flow

• information flow

• financial flow

_____________ what does the company do? who does it serve? and how does it serve them?

• Mission

• Vison

• Value

• Objectives

• Tasks

Which of the following is considered as the first step in outsourcing logistics tasks including transport:

• 1PL

• 2PL

• 3PL

• 4PL

What is the primary goal of reverse logistics?

• To increase production speed

• To reduce the number of returned products

• To manage inventory levels

• To regain value from returned products or dispose of them
  
  

Buy or make only what is needed, when needed, and in the amount needed is the definition of:

• EDI

• TMS

• JIT

• VMI

What does SMART stand for in terms of setting objectives?

• Simple, Manageable, Achievable, Relevant, Timely
• Specific, Measurable, Attainable, Realistic, Time-sensitive
• Specific, Measurable, Achievable, Relevant, Time-bound
• Specific, Measurable, Actionable, Relevant, Timed

Three main types of inventories are:

• raw materials, work-in-progress, finished goods
• final materials
• semi-finished products
• raw components

is an advantage of reverse logistics

• Limited product returns and exchanges.
• Higher transportation costs.
• Improved sustainability and cost savings.
• Increased waste and inefficiency.

One of the logistics rights is ‘IN THE RIGHT CONDITION’.

One of these is NOT a factor to ensure that the desired objective is achieved.

• Quality

• Completeness

• General appearance

• Product marketing strategy