Free L5M10 – Logistics Management Practice Test Question

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• ○ Movement and storage flows
• ○ Product design and development
• ○ Staff recruitment and training
• ○ Pricing and promotion decisions

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• ○ Finished goods to customers
• ○ Materials arriving from suppliers
• ○ Customer returns processing work
• ○ Retail store merchandising activity

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• ○ Purchasing raw materials supply
• ○ Supplier selection and contracting
• ○ Distribution to customers downstream
• ○ Production scheduling decisions made

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• ○ Right price every time
• ○ Right supplier lowest cost
• ○ Right contract longest term
• ○ Right goods place time

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• ○ All logistics costs together
• ○ Transport cost considered alone
• ○ Warehouse cost considered alone
• ○ Cheapest mode chosen always

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• ○ Transport price includes warehousing
• ○ Slower transit raises inventory
• ○ Faster modes always cheaper
• ○ Inventory cost never changes

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• ○ Transport costs of movement
• ○ Inventory carrying costs incurred
• ○ Product development costs spent
• ○ Brand advertising costs paid

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• ○ Longer stock holding periods
• ○ Reduced storage requirements achieved
• ○ More warehouse space needed
• ○ Faster flow through terminal

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• ○ Supplier office location preference
• ○ Buyer staff travel plans
• ○ Goods value and urgency
• ○ Distance and volume moved

Answer is in the explanation below.

Answer is in the explanation below.

Answer is in the explanation below.