Final Logistics Licensing Exam [100% Correct Answers] *Verified Q&A*
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Course
Logistics
Institution
Logistics
Final Logistics Licensing Exam [100%
Correct Answers] *Verified Q&A*
What is the primary function of logistics in supply chain management?
To ensure the efficient flow of goods and services from point of origin to point of
consumption.
Which document is essential for tracking the movement ...
Final Logistics Licensing Exam [100%
Correct Answers] *Verified Q&A*
What is the primary function of logistics in supply chain management?
To ensure the efficient flow of goods and services from point of origin to point of
consumption.
Which document is essential for tracking the movement of goods?
Bill of Lading.
What does the term "inventory turnover" refer to?
The number of times inventory is sold or used in a given period.
Which mode of transportation is typically the fastest for long-distance shipping?
Air freight.
What is a common method for reducing logistics costs?
Optimizing transportation routes.
What does the term "just-in-time" (JIT) inventory mean?
A strategy that aligns raw-material orders with production schedules.
In logistics, what does the acronym "3PL" stand for?
1
, Third-Party Logistics.
What is the primary purpose of warehouse management systems (WMS)?
To optimize warehouse operations and inventory management.
What type of logistics focuses on the efficient movement of products from the manufacturer to
the consumer?
Distribution logistics.
Which factor is crucial when selecting a transportation mode?
Cost-effectiveness.
What is the role of a freight forwarder in logistics?
To arrange transportation and logistics services for shippers.
What does the term "reverse logistics" refer to?
The process of moving goods from their final destination back to the manufacturer for return
or disposal.
What is an essential characteristic of an effective supply chain?
Flexibility to adapt to changing market demands.
2
, What is the purpose of a logistics performance measurement system?
To assess the efficiency and effectiveness of logistics operations.
Which term describes the practice of managing the flow of materials and information throughout
the supply chain?
Supply chain management.
What is the significance of demand forecasting in logistics?
It helps in planning inventory and reducing stockouts.
What does the acronym "EDI" stand for, and what is its purpose in logistics?
Electronic Data Interchange; it facilitates the exchange of business documents in a standard
format.
What is a key benefit of using cross-docking in warehousing?
It reduces storage time and accelerates product flow.
Which regulatory body oversees the transportation of hazardous materials in the U.S.?
The Department of Transportation (DOT).
What is the main goal of logistics planning?
To align resources and activities to meet customer demands efficiently.
3
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