Third parties who act as intermediaries between buyer and seller are known as:
A. Dealer
B. Brokers
C. Negotiator
D. Agent
A distribution system in which freight moves in and out of a distribution center or point without ever being stored there is referred to as:
A. Mild-wharfing
B. Water-fronting
C. Cross-docking
D. Disembarking
A contract in which one party obtains use of another party's asset is called:
A. License
B. Charter
C. Agreement
D. Lease
According to the Chartered Institute of Transport and Logistics in the United Kingdom, which of the following is NOT the type of warehouse layouts?
A. Inverted T warehouse
B. Cross-flow warehouse
C. Inverted U warehouse
D. Through-flow warehouse
A one-way system with incoming goods flowing to the left of the entry and into one of the three storage areas, depending on usage is the:
A. Inverted T warehouse
B. Cross-flow warehouse
C. Inverted U warehouse
D. Through-flow warehouse
A pick module is a type of mechanized system used to:
A. to pick both bulk items and single items
B. to pick only bulk items
C. to pick only single items
D. None of the above
A valid concept of connectedness that allows an organization to maintain a high level of confidence in its distribution system is the:
A. Commodity warehouse
B. Allocation warehouse
C. Virtual warehouse
D. Implicit warehouse
What includes all activities that occur after a product is finished, including distribution selection, product order response and the return of goods?
A. Operational management
B. Logistics management
C. Core management
D. Practical management
A large number of suppliers who are all capable of supplying the same product, and the dollars in:
A. Non-critical items
B. Operational items
C. Leveraged items
D. Bottleneck items
What involves creating a visual depiction of a process, is the starting point to help understand each process and identify the sequencing of each process?
A. Process flowcharting
B. Process Equipment
C. Process Planning
D. Process mapping
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