CLTD Question and answers verified to pass 2024/2025
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Course
CLTD - Certified in Logistics
Institution
CLTD - Certified In Logistics
CLTD Question and answers verified to pass 2024/2025 Order to Cash Cycle - correct answer The activities and processes that take place from the time an order is placed by a customer until payment is received and credited. The goal is to translate sales into financial benefit as rapidly as possibl...
CLTD - Module 3
Order to Cash Cycle - correct answer ✔The activities and processes that
take place from the time an order is placed by a customer until payment is
received and credited. The goal is to translate sales into financial benefit as
rapidly as possible.
Order Transmittal - correct answer ✔The time interval between a customer
placing an order to when the seller receives it.
Cycle Time - correct answer ✔1.) In industrial engineering, the time between
completion of two discrete units of production. For example, the cycle time of
motors assembled at a rate of 120 per hour would be 30 seconds. 2.) In
materials management, it refers to the length of time from when material
enters a production facility until it exits. Syn: Throughput time
Order Cycle - correct answer ✔The progression used by a company starting
with receipt of a customer's order and ending with delivery to that customer.
Freight Claim - correct answer ✔A formal legal claim filed by the
transportation buyer that the carrier failed to protect the freight properly,
seeking monetary compensation for damaged freight, delayed or incorrect
deliveries, overcharges, or other service failures. The damages can be up to
the value of the goods had they been safely delivered on time.
Routing Guide - correct answer ✔A shipping tool used to manage logistics
activities for shipments between two points. It contains mode and carrier
information, freight rates and service requirements.
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