A carrier’s casts are driven by equipment movement rather than shipment weight. Which of the following rates would be most appropriate for the carrier to utilize in charging its customers?A . Incentive ratesB ....
Which of the following lean tools would a warehouse team use to document, analyze, and improve the flow of information and materials to customers?A . Lean six sigmaB . KaizenC . Value stream mappingD...
Which of the following sets of elements are the major components of inventory carrying cost?A . Capital, storage space, inventory service, transportationB . Storage space, inventory service, inventory risk, transportationC . Capital, storage space,...
As a means to protect domestic industries, which of the following requirements is an example of a non-trade barrier?A . Requesting a mandatory consular invoiceB . Utilizing Convention on International Sale of Goods (CISG)C...
Given the data below, calculate the reorder point (ROP). Average daily demand = 30 units/day Lead time = 4 days Safety stock = 20A . 30 unitsB . 8 unitsC . 120 unitsD ....
A third-party logistics (3PL) provider is seeking to market its value-added warehousing services to international shippers. These services refer to activities such as:A . selecting the best location in the warehouse for storage and...
An organization concentrating its efforts on meeting the internal performance standards related to availability, operational performance, and reliability has focused on which of the following aspects of the customer relationship?A . Customer serviceB ....
When looking at on organization’s logistics system, which of the following expenses is the single largest variable cost?A . Inventory carrying costsB . transportation costsC . Warehouse operations costsD . Supply management costsView AnswerAnswer:...
Which of the following supply chain risk management maturity model attributes provides visibility to impending disruptions and enables the establishment of effective, preventive, and mitigation plans?A . VisibilityB . PredictabilityC . resiliencyD . SustainabilityView...
An operations manager in concerned that the order-to-cash cycle for their largest customer is too long. The manager is referring to the time that elapses from when the company receives an order from the...
