Welcome to your L5M10 paper 4
1.
#Logistics is the __________ of strategically managing the procurement, movement and storage of materials, parts and finished inventory (and the related information flows) through the organisation and its marketing channels in such a way that current and future profitability are maximised through the cost-effective fulfilment of orders”.-Christopher , 2010
2.
$The task of making sure there are sufficient numbers of people working at any point in time is termed:
3.
%Utilisation is measured by:
5.
&Which among the following is not an element of logistics management?
6.
*What is the unique code that is used to identify every inventory item in warehouse called?
7.
(Capacity planning, within logistics management, will be influenced the most by …
8.
#……………….. and physical distribution management are the two major operations of logistics
9.
$Activities that are scheduled by means of a central system and completed in line with central instructions are known as:
10.
%What type of capacity plan focuses on the demand side rather than supply side of the capacity ‘equation’?
12.
&______________ is that part of supply chain management that plans, implements, and controls the efficient, effective forward and reverses flow and storage of goods, services and related information between the point of origin and the point of consumption in order to meet customers' requirements.
13.
*Which among the following is a type of inventory classification methods? Choose Two.
14.
(. ImpCo Group (ICG) is a large retailer which imports most of the products it sells from overseas. Its operations director is concerned about the increasing costs of logistics and is considering different options, one of which is the use of multimodal transportation. What might be a benefit to ICG of adopting such an approach?
15.
#Which of the following are the 7 key elements of logistics according to the module specification?
16.
%In demand management approaches, the objective of promotions and price reductions is usually to:
17.
^An hour saved is an hour saved, no matter where in the process.
18.
&_______________ is a process that enables companies to work together with their trading partners in an effort to improve forecasts, reduce inventory and production costs, and increase sales and profit
19.
*A stocktaking method which involves checking a set portion of your inventory regularly on set days is called...
20.
)Which governing body is responsible for the creation and management of INCOTERMS? (Rules that state the responsibilities of buyers and sellers regarding delivery of goods under sales contracts).
21.
#Green Logistics describes all attempts to measure and minimize the _________________ impact of logistics activities. This includes all activities of the forward and reverse flows. This can be achieved through intermodal freight transport, path optimization, vehicle saturation and city logistics.
22.
$An airplane is an example of finite loading.
23.
%High process utilisation, high productivity, and low unit costs are associated with which capacity plan?
24.
^Capacity governs both throughput and inventory in the system.
25.
&______________ is the process of pooling all relevant data together.
