MSSC CLT Exam Terms Complete Mock Exam Questions and Answers |100% Correct| Latest Version 2024/2025
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Module
MSSC
Institution
MSSC
MSSC CLT Exam Terms Complete Mock
Exam Questions and Answers |100%
Correct| Latest Version 2024/2025
What is the primary goal of supply chain management?
To maximize customer value while minimizing costs.
Define the term "logistics."
The process of planning, implementing, and controllin...
MSSC CLT Exam Terms Complete Mock
Exam Questions and Answers |100%
Correct| Latest Version 2024/2025
What is the primary goal of supply chain management?
To maximize customer value while minimizing costs.
Define the term "logistics."
The process of planning, implementing, and controlling the efficient flow and storage of
goods, services, and information.
What does the acronym "MSSC" stand for?
Manufacturing Skills Standards Council.
What is the purpose of inventory management?
To ensure that the right amount of inventory is available at the right time to meet customer
demand.
What is "just-in-time" (JIT) inventory?
An inventory strategy that aligns raw-material orders from suppliers directly with production
schedules.
Explain the term "lead time."
1
, The time taken from placing an order to receiving the goods.
What is the difference between inbound and outbound logistics?
Inbound logistics refers to the transportation of goods into a business, while outbound
logistics involves the distribution of goods to customers.
What does "supply chain visibility" mean?
The ability to track and view all components of the supply chain in real time.
Define "transportation management system" (TMS).
A software solution that manages the logistics of transporting goods.
What is the function of a warehouse management system (WMS)?
To optimize warehouse operations and manage inventory levels efficiently.
What does "cross-docking" refer to in logistics?
A practice where products are unloaded from inbound delivery vehicles and directly loaded
onto outbound vehicles, minimizing storage time.
Explain the term "total cost of ownership" (TCO).
The total cost of acquiring and operating a product or service over its lifecycle.
2
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