REVISION SUPPLY CHAIN MANAGEMENT

The main objective of transportation is _____.

• to provide economical transport of goods

• to provide economical transport for passengers

• to generate revenue and enhance logistical operations

• to ensure the safe, economical and efficient transportation of goods.

All of these are the intentions of transportation documentation in an international transaction, except ___.

• Documentation is important to manage risk

• Documentation is needed to fulfill regulations

• Documentation allows products to be delivered in bulk.

• Documentation fosters common understanding among all parties involved

All the following are the documents prepared by the carrier except ____

• Commercial invoice

• Bill of the lading

• Freight bill

• Manifest

The cost of insurance and taxes are included in the ___.

• inventory carrying cost

• storage cost

• capital cost

• set up cost

The ___ includes handling costs associated with moving products into and out inventory.

• capital cost

• storage cost

• inventory risk cost

• inventory service cost

One of the functions of warehouse is to support customer requirements during the seasonal period which is known as ___.

• value-added services

• break-bulk function

• full-line stocking

• spot-stocking

All of these are the types of warehouse ownership, except ____.

• contract

• bonded

• private

• public

The warehouses owned and managed by manufacturers to store their own stock of goods exclusively are known as ____.

• government warehouses

• cooperative warehouses

• private warehouses

• public warehouses

Warehouses located near terminals or ports are also known as ___.

• cold storages

• distribution centers

• bonded warehouses

• buffer storage warehouses

Which of the following is not a procurement activity?

• Issuing purchase order

• Tracking the receipt of order

• Make payment and updating payment terms

• Moving the inventory to the customers