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APICS CLTD - Certified in Logistics, Transportation and Distribution

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Total 150 questions

In an effort to increase their customer service levels and reduce order cycle time, a company is considering adding two additional warehouses to their overall operations. As a result, which of the of the following statements best reflects the cost impact of the additional warehouses?

A.

Lower inventory costs and higher facility costs

B.

Higher inventory costs and lower facility costs

C.

Higher inventory costs and higher inbound transportation costs

D.

Lower inventory costs and lower inbound transportation costs

A logistics manager is developing a supply chain risk management plan incorporating contingency plans for alternatives to transportation failures. Which of the following factors best represents this approach?

A.

Avoidance

B.

Acceptance

C.

Mitigation

D.

Redundancy

Stockout frequency refers to:

A.

the probability that a firm will not have inventory available to meet customer orders.

B.

a single event where a firm will not have inventory available to meet customer orders.

C.

the cost of sales that a firm will have when insufficientinventory is available to meetcustomer orders.

D.

the percentage of days in which inventory necessary to meet customer orders is missing.

Which of the following items undermines the attempts to simplify transportation pricing'?

A.

Rate-basis numbers

B.

Class rate

C.

Commodity rate

D.

Incentive rate

Consignment inventory requires that manufacturers

A.

deliver their products to the consumer and payment from consumers is based on supply.

B.

stock their products on retail stores shelves and payment from consumers is based on forecast.

C.

deliver their products to the consumer and wait for payment until consumers requires to refill stock level.

D.

stock their products on retail stores shelves and wait for payment until consumers purchase the product.

A company would like to implement a strategic initiative of enhancing its reverse logistics process. Which of the following statements best describes the profitability impact of such a strategy?

A.

More profits due to higher return rate of customers

B.

More profits due to larger volume of returned products

C.

Less profits due to increase in investment costs

D.

Less profits due to negative impact on brand image

Which of the following components represents the best opportunity to improve the effectiveness and efficiency of an order cycle?

A.

Order transmittal

B.

Order processing

C.

Order picking

D.

Order delivery

Which of the following rules specifies whether the importer or exporter is responsible for insuring cargo?

A.

World Trade Organization (WTO) rule

B.

Lloyds of London rule

C.

Incoterms® rule

D.

Shipper's rule

In building a daily route schedule, which of the following factors provides the greatest challenge for a transportation manager?

A.

Random demand

B.

Fixed traffic patterns

C.

Data cleanup

D.

Customer base

Which of the following order characteristics would make increased levels of inventory necessary?

A.

Speed

B.

Variability

C.

Cost

D.

Delivery