Which of the following statements best describes the primary objective of most warehouses?
A. Provide additional storage to excess inventory and avoid its disposal
B. Ensure that inventory levels are in accordance with the company's financial target
C. Accurately reflect the company's working capital status
D. Facilitate the movement of goods through the supply chain to the end consumer
A carrier takes three weeks to deliver a product which has average sales of 1,000 units per week. The unit cost is $20 each and the carrying cost is 15%. What is the savings in the transportation inventory cost if management decides to change the mode of transportation to decrease time to one week?
A. $2,000
B. $3,000
C. $6,000
D. $9,000
The key factors in modal determination when comparing the trade-off between cost and service include:
A. distance and load size.
B. carrier capacity and distance.
C. distance and carrier rates.
D. carrier rates and load size.
Which of the following order characteristics would make increased levels of inventory necessary?
A. Speed
B. Variability
C. Cost
D. Delivery
Which of the following outcomes is a potential advantage of operating an efficient reverse logistics process?
A. Provides competitive differentiation
B. Enables visibility throughout the supply chain
C. Improves the product life cycle
D. Reduces transportation costs
An organization wanting to improve the management of resources and exceptions across the supply chain should focus on enhancing:
A. supply chain visibility.
B. simultaneous consideration of resources.
C. resource utilization.
D. overall asset utilization.
When a logistics manager assigns workers to receive, store, and move goods into and out of warehouse, they are managing which of the following activities?
A. Physical distribution
B. Materials handling
C. Production management
D. Inventory management
A restriction that can be classified as a non-tariff barrier would be a(n):
A. registration license.
B. import quota.
C. cargo preference.
D. manufacturing location.
Which of the following rules specifies whether the importer is responsible for insuring cargo?
A. World Trade Organization (WTO) rule
B. Lloyds of London rule
C. Incoterms rule
D. Shipper's rule
A company has a line haul cost between Point A and Point B of $5 per mile. The distance between the two points is 750 miles.
What is the cost per hundredweight (cwt) for a shipment weighing 45,000 pounds?
A. $0.12
B. $5.00
C. $8.33
D. $9.00
Nowadays, the certification exams become more and more important and required by more and more enterprises when applying for a job. But how to prepare for the exam effectively? How to prepare for the exam in a short time with less efforts? How to get a ideal result and how to find the most reliable resources? Here on Vcedump.com, you will find all the answers. Vcedump.com provide not only APICS exam questions, answers and explanations but also complete assistance on your exam preparation and certification application. If you are confused on your CLTD exam preparations and APICS certification application, do not hesitate to visit our Vcedump.com to find your solutions here.