FOL REVISION C1-C4

What is the primary objective of materials handling in a logistics system?

• Increase inventory levels

• Eliminate handling wherever possible

• Maximize travel distance

• Increase manual labor

Which of the following equipment is used in a modernized warehouse for material handling?

• Hand trucks

• Automated storage and retrieval systems (ASRS)

• Pallet jacks

• Forklifts

What is the key role of communication in logistics?

• To handle inventory

• To move goods from the origin to the destination

• To ensure efficient functioning of the distribution system

• To reduce transportation costs

What are the three important elements of customer service in logistics?

• Pre-transaction, transaction, and post-transaction elements

• Sales, delivery, and returns

• Ordering, packing, and shipping

• Production, storage, and delivery

Why is plant/warehouse site selection considered a strategic decision in logistics?

• It affects the cost of goods

• It determines the location of competitors

• It influences transportation and infrastructure costs

• It impacts the marketing strategy

What is the key logistics activity that involves the movement of goods from the point of origin to the point of consumption?

• Warehousing

• Transportation

• Inventory Management

• Order Processing

In the context of logistics, what is the challenge associated with return goods handling?

• High demand for returned products

• Moving large quantities back to the supplier

• Complexity in handling small quantities of goods

• Finding new customers for returned goods

What does the term "Distribution Centre (DC)" refer to in warehousing?

• A facility that stores only raw materials

• A facility that serves as a generic term for all types of warehouses

• A specialized warehouse for consolidating products for shipment

• A central facility for manufacturing support

Which of the following best describes the trade-off involved in inventory management within a logistics system?

• Balancing the level of inventory with transportation costs

• Optimizing the level of inventory held against the cost of holding inventory, including capital, storage, and obsolescence

• Balancing customer demand forecasts with the cost of procurement

• Minimizing the number of suppliers to reduce complexity

In demand forecasting and planning, which aspect is most crucial for logistics when coordinating with other functions like marketing and manufacturing?

• Predicting future sales based on past trends

• Determining how much to order from suppliers and how much to hold in each market

• Estimating customer satisfaction levels

• Analyzing competitor pricing strategies