MRO inventory refers to the equipment, tools and activities associated with the daily operations of a business. It doesn't include materials, products and services that are directly used in production, but rather the glue that holds everything together. MRO stands for____________

Maintenance, repair, operating supplies

Maintenance, repair, optimization

Maintenance, renew, operating supplies

Maintenance, renew, optimization

Which of the following functions is not included in the seaway bill?

Confirm the receipt of goods on board

What is a perfect order ?

simultaneous achievement of relevant customer metrics

an order that arrives undamaged

an order that is easy for the receiver to fill

Which of the following statements about a one-dock layout is FALSE?

Goods move in a straight configuration

Each and every dock can be used for both shipping and receiving

Product may sometimes be reloaded in the vehicle that delivered it

It requires carriers to pick up and deliver at specific times

The economic order quantity (EOO) determines_______

the point at which carrying costs equal ordering costs

the relevant inventory flow for a particular time period

the point at which a company should reorder

the point at which the sum of carrying costs and ordering costs is maximized

Which of the following is not an environmentally-friendly packaging strategy that firms might adopt?

increase the amount of packing materials used

use more environmentally - friendly packaging materials

retain or support services that collect the used package and recycle it

Which of the following statements is true?

Logistics is a subset of supply chain

Supply chain is a subset of logistics

Transportation and logistics are the same

Logistics and supply chain are the same

Less-than-truckload motor carriers_____

operate through a series of terminals

carry the shipment directly from shipper to consignee

are exempt from hours - of - service regulations

Choose the WRONG answer. Humanitarian logistics represents______

an emerging application of logistics to only - for - profit organizations

a branch of logistics which specializes in organizing the delivery and warehousing of supplies during natural disasters or complex emergencies to the affected area and people

the process of planning, implementing and controlling the efficient, cost - effective flow and storage of goods and materials, as well as related information, from the point of origin to the point of consumption for the purpose of alleviating the suffering of vulnerable people

a sector to deliver emergency relief more effectively , and help organizations to make a difference in disaster response

Choose the WRONG answer. Tailored logistics is applied when_______

companies use one logistics approach to target all their customers as well as all their partners

customer needs vary, and companies can tailor their logistics systems to serve their customers better and more profitably

groups of customers with similar logistical needs and wants are provided with logistics service appropriate to these needs and wants

companies want to use various logistics approaches to target various groups of their customers

Pipeline transport characteristics include______

High mass - transport capacity , high network - forming capability, high reliability and thus plan ability, environmentally friendly by avoiding emissions , limited products' type

Cost optimization and environmental - impact optimization by means of the piggy - back system with railway, utilization of vehicles specific to the volume of goods

Especially suited for long - haul and intercontinental transport, suited for almost any type of goods, transport of large volumes of goods possible

Relatively low network density and thus limited possibilities for door - to - door transport, strict adherence to timetables and allocated train lengths

Which of the given reasons, is NOT a valid reason for packaging of food items?

Protection and information transmission

Why warehouses are different with distribution centres?

Because warehouses are only for storage while distribution centres are for both storage and distributing

Because warehouses are larger than distribution centres

Because warehouses can be distribution centres while distribution centres cannot be warehouses

Because warehouses store product in a short period while distribution centres store product in a long period

Many organizations hold safety stocks as part of their inventory. Which of the following is a reason for holding safety stocks?

To cater for demand forecast errors

To improve stock accuracy levels

To improve stock holding levels

To cater for a large storage capacity

ABC analysis of inventory______

recognizes that inventories are not of equal value to a firm

applies activity - based costing to managing inventory

is synonymous with vendor - managed inventory

is an alternative to the EOQ model

Which of the following is a reverse logistics activity?

Recycling products and components

Delivering finished goods to your customer

Developing a collaborative relationship with your supplier

Managing the quality of products

Which of the following statements is right about Fixed Order Quantity?

An inventory management system in which replenishment stock is ordered when the stock reaches a reorder point and the replenishment quantity is kept fixed irrespective of external circumstances

A hybrid inventory system in which the inventory analyst reviews the inventory position at fixed time periods .

This system easily let the company facing the stock - out situations

The two important parameters here are the order quality and the reorder point

Which of the following is WRONG about Intermodal transportation?

Intermodal transportation service makes use of a combination of different transportation modes to smoothly transfer containers from one transportation mode to another, ensuring cargo is delivered safely to its final destination .

Intermodal transportation is the use of two or more modes, or carriers, to transport goods (freight ) from shipper to consignee

Intermodal transportation concerns the movements of passengers or freight from an origin to a destination relying on several modes of transportation

Intermodal freight consists of products and raw materials that are transported in a container by a variety of the same

Intexshop specializes in selling computer hardware equipment. They purchase their inputs with the price at $35 per item and they plan to sell 8,000 items every year. The ordering cost is $22 per arder and their annual inventory carrying cost is 26% of the price of an item. What is the economic order quantity? How much is their total inventory cost?

E0Q » 197 items and TC = $ 281, 789. 8

EOQ » 82 items and TC = $ 282, 519. 4

EOQ » 197 items and TC = $ 281 , 898 . 6

E0O » 82 items and TC = $ 283, 298. 4

Following the fixed transporting schedule of carriers is the common characteristic of which transportation modes?

Air freight , sea freight , rail freight

Sea freight, inland water transport, pipeline

Road freight, inland water transport, air freight

Rail freight, inland pipeline, road freight

The order cycle is____

also called the replenishment cycle

the time that it takes for a check to clear

the time that it takes from when a customer places an order until the selling firm receives the order

A supply chain is a sequence of firms that perform activities required:

To create and deliver goods to consumers

To create synergy in their training programs

To support the acquisition of raw materials

To facilitate wholesalers inventory selections

Packaging testing methods include:

compression , vibrations, rough handling, horizontal impacts, dropping, overexposure to extreme temperatures moisture

vibrations, vertical impacts, horizontal impacts, rough packaging , pushing , stacking , Immersing in water

immersing in water, horizontal throwing, lifting up , vibrations, overexposure to extreme temperatures or moisture

stacking, pouring water over , drying , rough handling , lifting up , compressing, horizontal pushing , vertical droppin molstening, spinning around

Which of the following is not a characteristic of sea freight?

In long - haul transport abroad, this freight transport is often used for the first and the last transport stages

Suited for transporting almost any type of goods

Possibly transport the largest volume of goods compared to other modes

Suited for long - haul and intercontinental transports

Inventory shrinkage____

refers to the fact that more items are recorded entering than leaving warehousing facilities

is another name for inventory turnover

refers to situations where the size and / or volume of inventory is decreased over time

refers to a technique of stabilizing unit loads by using shrink wrap packaging

7Rs in Logistics stand for:

Right product, Right quantity , Right condition or quality , Right place , Right time , Right people , Right cost or price

Right product, Right service , Right procedure , Right machine, Right workers , Right management, Right materials

Right supply chain , Right transportation, Right warehouse , Right packaging , Right inventory , Right handling , Right distribution centers

Right production, Right marketing , Right finance , Right accounting, Right human resource , Right estate , Right operations

Which of the following statements is FALSE?

A product's chemical characteristics have little to no influence on the way the product is handled

Perishable products require special packaging as they move from source to customer

Some products might be exposed to freezing weather ; others might not

The various properties of goods must be made known to consumers to help them make the correct buying decision and properly care for the product

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MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which mode of transport is considered the most expensive according to the
unit price of a shipment ?

Air freight

Rail freight

Sea freight

Road freight

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is the type of warehouse that most businesses, especially small- and
medium-sized companies, choose to store their goods because they cannot afford to
have their own warehouse due to financial constraints.

Public warehouse

Private warehouse

Customs warehouse

Refrigerated warehouse

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following modes of transport is capable of carrying the most
payload ?

Sea freight

Road freight

Rail freight

Air freight

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_________stands for a number (usually eight alphanumeric digits) that
retailers assign to products to keep track of stock levels internally.

UPC

FTL

SKU

Both A and B

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What of the following is NOT the advantage of rail freight ?

High degree of flexibility

Capable of hauling large loads

Burn less fuel per ton-mile than trucks

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When choosing a mode of transport, in terms of the maximum transport
capacity and the cheapest price, which method should you choose?

Water way

Air way

Railway

Trucking

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a methodology that focuses on minimizing waste
within manufacturing systems while simultaneously maximizing productivity?

Lean manufacturing

Kaizen approach

Reverse logistics

Green logistics

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Log 1

Which mode of transport is considered the most expensive according to theunit price of a shipment ?

This is the type of warehouse that most businesses, especially small- andmedium-sized companies, choose to store their goods because they cannot afford tohave their own warehouse due to financial constraints.

Which of the following modes of transport is capable of carrying the mostpayload ?

_________stands for a number (usually eight alphanumeric digits) thatretailers assign to products to keep track of stock levels internally.

What of the following is NOT the advantage of rail freight ?

When choosing a mode of transport, in terms of the maximum transportcapacity and the cheapest price, which method should you choose?

Which of the following is a methodology that focuses on minimizing wastewithin manufacturing systems while simultaneously maximizing productivity?

MRO inventory refers to the equipment, tools and activities associated withthe daily operations of a business. It doesn't include materials, products and servicesthat are directly used in production, but rather the glue that holds everythingtogether. MRO stands for____________

Which of the following functions is not included in the seaway bill?

What is a perfect order ?

Access all questions and much more by creating a free account

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Discover more resources for English

Which mode of transport is considered the most expensive according to the
unit price of a shipment ?

This is the type of warehouse that most businesses, especially small- and
medium-sized companies, choose to store their goods because they cannot afford to
have their own warehouse due to financial constraints.

Which of the following modes of transport is capable of carrying the most
payload ?

_________stands for a number (usually eight alphanumeric digits) that
retailers assign to products to keep track of stock levels internally.

When choosing a mode of transport, in terms of the maximum transport
capacity and the cheapest price, which method should you choose?

Which of the following is a methodology that focuses on minimizing waste
within manufacturing systems while simultaneously maximizing productivity?

MRO inventory refers to the equipment, tools and activities associated with
the daily operations of a business. It doesn't include materials, products and services
that are directly used in production, but rather the glue that holds everything
together. MRO stands for____________