APICS
CLTD
Q1:
A company calculating shipping volume in unit load device containers is focusing on which mode of transportation'?
○
A
Trucking○
B
Ocean shipping○
C
Air freight○
D
Barges
APICS
CLTD
Q2:
Which of following statements best describes the relationship between order cycle time and inventory?
○
A
The shorter the order cycle length, the more inventory is required to be held○
B
The shorter the order cycle length, the less inventory is required to be held○
C
The longer the order cycle length, the less inventory is required to be held○
D
The changes made to the order cycle has little/no impact on inventory levels
APICS
CLTD
Q3:
Which of the following inventory cost elements is the most difficult to quantify?
○
A
Unit cost○
B
Cost of reordering○
C
Carrying cost○
D
Shortage cost
APICS
CLTD
Q4:
When looking at an organization's logistics system, which of the following expenses is the single largest variable cost?
○
A
Inventory carrying costs○
B
Transportation costs○
C
Warehouse operations costs○
D
Supply management costs
APICS
CLTD
Q5:
Which of the following items undermines the attempts to simplify transportation pricing'?
○
A
Rate-basis numbers○
B
Class rate○
C
Commodity rate○
D
Incentive rate