WorksheetsTPT 150: Transport & Logistic (Chapter 5)
Total questions: 10
Worksheet time: 5mins
Definition of logistics. (Answer can be more than 1)
Getting the right material to the right place at the right time, in the right quantity at the right cost to the right customer.
Represent a major capital outlay for an organization, and this may affect many aspect of the firm’s operation
Manufacturing activities and happen when raw materials are combined in the production process to make a finished product.
The process of planning, implementing and controlling the efficient, effective flow and storage of goods, services, and related information from point of origin to point of consumption for the purpose of conforming to customer requirement.
What is deterioration of stock?
Loss of good
Excess of good
Damaged good
Normal good
Choose the correct service dimensions of transport. (Answer can be more than 1)
Durability
Dependability
Frequency
Capability
Conventionality
Definition of JIT.
A system based on preventing waste by producing only the amount of goods needed at a particular time, and not paying to produce and store more goods than are needed.
A distribution of costs using calculations that may be unrelated to physical observations or direct or repeatable cause-and-effect relationships
A method of picking orders in which order requirements are aggregated by product across orders to reduce movement to and from product locations
A method of payment for goods whereby the buyer pays the seller in advance of shipment of goods.
Functions of packaging. (Answer can be more than 1)
Unitization
Commodification
Underproduction
Differentiation
Apportionment
Drawback of JIT. (Answer can be more than 1)
Warehouse Layout
Supplier Location
Customer Location
Production Scheduling
Supplier Production Scheduling
What is speculative stock?
The amount of product you keep on hand that exceeds what your business needs to satisfy regular demand.
Stock which has no demand.
Product that is stockpiled to allow for expected large increases in demand.
The final products after manufacturing process on raw materials.
Raw materials that are brought forward for financial or supply reasons, or finished stock to prepare for expected increase in demand.
Which is the correct economic impact of logistics?
Varieties of goods
Promotion of goods
Cost of operation
Movement of good
Which is the correct economic utility principal? (Answer can be more than 1)
Affordability
Form
Time
Product
Price
What is cross-docking?
A specialized facility to keep temperature-controlled products.
Warehouse for bulk material.
Storing products only for a short period of time.
Only store goods produced by its company.
