Certified Logistics Technician Study Chapters 1-9 Exam Elaboration *Q&A* |Verified Study Set| 2025/2024
2 views 0 purchase
Course
Logistics
Institution
Logistics
Certified Logistics Technician Study
Chapters 1-9 Exam Elaboration *Q&A*
|Verified Study Set| 2025/2024
What is the primary goal of supply chain management?
To maximize customer satisfaction while minimizing costs.
Which term describes the movement of goods from one location to another?
...
Certified Logistics Technician Study
Chapters 1-9 Exam Elaboration *Q&A*
|Verified Study Set| 2025/2024
What is the primary goal of supply chain management?
To maximize customer satisfaction while minimizing costs.
Which term describes the movement of goods from one location to another?
Transportation.
What are the three primary types of inventory?
Raw materials, work-in-progress, and finished goods.
What is the purpose of warehousing in logistics?
To store goods efficiently and safely until they are needed.
What does the term "lead time" refer to in logistics?
The time between placing an order and receiving it.
Which method of inventory control focuses on managing the smallest amount of inventory
possible?
Just-in-Time (JIT).
1
,What is a Bill of Lading?
A legal document between a shipper and carrier detailing the type and quantity of goods
being shipped.
What is the key benefit of using barcodes in logistics?
To improve accuracy and efficiency in inventory management.
Which logistics function involves analyzing and determining the best routes for transportation?
Transportation planning.
What is a common challenge faced in the logistics industry?
Managing supply chain disruptions.
What is the role of a logistics manager?
To oversee the supply chain process and ensure efficient operations.
What is the significance of a distribution center in logistics?
It serves as a hub for receiving, storing, and distributing goods.
What does "reverse logistics" refer to?
The process of moving goods from their final destination back to the manufacturer for return
or recycling.
2
,What is the importance of demand forecasting in logistics?
It helps businesses anticipate customer needs and manage inventory levels.
Which inventory valuation method uses the most recent costs to determine inventory value?
Last-In, First-Out (LIFO).
What is an example of a transportation mode?
Trucking, rail, air, water, and pipeline.
What does "cross-docking" involve?
Transferring products directly from incoming to outgoing transportation with minimal
storage time.
What is a common software tool used for logistics management?
Transportation Management System (TMS).
What is the role of Third-Party Logistics (3PL) providers?
To manage logistics services on behalf of other companies.
What are key performance indicators (KPIs) in logistics?
Metrics used to evaluate the efficiency and effectiveness of logistics operations.
What is "just-in-case" inventory strategy?
3
, Keeping extra inventory to safeguard against uncertainties.
Which document is crucial for international shipping?
Commercial invoice.
What is the difference between primary and secondary distribution?
Primary distribution moves goods from manufacturers to wholesalers, while secondary
distribution moves goods to retailers.
What is the purpose of a logistics audit?
To assess and improve logistics operations and processes.
Which factor can significantly impact transportation costs?
Distance traveled.
What is "safety stock"?
Extra inventory kept to prevent stockouts due to unforeseen demand.
What does "fleet management" involve?
Overseeing and coordinating the operation of a fleet of vehicles.
What is the significance of packaging in logistics?
To protect goods during transportation and storage.
4
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller StellarGrades. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R194,91. You're not tied to anything after your purchase.
