Warehousing and Logistics Quiz

One of the below is not considered one of the core warehousing activities.

• Receiving

• Storage

• Billing

• Shipping

What is 3PL? What are the differences between 3PL and 4PL?

What is the function of reverse logistics?

• When a transport moves product downstream and upstream at the very same time.

• Stage in the supply chain in which the product is returned from the point of sale to the manufacturer or distributor for recovery, repair, recycling, or disposal.

• When a customer is dissatisfied with the performance of a product or service.

• When you cannot cross the border due to improper documents you must return to the originating warehouse. Also called Originating Warehouse policy.

Why is variation a supply chain professional’s enemy?

• Variation is normal so supply chain must adapt

• Variation is normal so supply chain needs to manage the opportunities it provides.

• Variation is normal, the problem resides with having too much or excessive variability.

• Variation must be captured, defeated and destroyed

What are some key logistics goals and strategies?

• Support the product life cycle.

• Customer contracts and profitable pricing

• Quality & Continuous improvement  

• Consolidate Shipping

What is not meant by substituting information for inventory?

• A tactic used to design effective logistics strategy

• Develop effective import-export strategy

• Select warehouse locations

• Keep inventory stored in warehouses

Why reduce the number of SC partners? One answer does not apply:

• Reduces complexity so there are less transactions and therefore errors

• Reduce operating cost

• Reduce Cycle time

• Reduce Inventory holding cost

What is a postponement center?

What is and why do we require management of pooling risk? One below does not apply:

• Useful with high variability in demand

• Pooling together helps mitigate stockout risk

• Improves customer supply chain happiness

• Lowers storage costs