Podcast
Questions and Answers
Logistics originated from which field?
Logistics originated from which field?
- Accounting
- Military (correct)
- Medicine
- Automotive Engineering
The term 'logistique' is derived from which word?
The term 'logistique' is derived from which word?
- sister
- gister
- tiger
- loger (correct)
Which of the following statements best describes Logistics Management according to the definition provided?
Which of the following statements best describes Logistics Management according to the definition provided?
- The art and science of obtaining, producing, and distributing materials and products.
- The movement, storage, and distribution of goods from the production source to the point of need.
- The planning, implementation, and control of efficient flow and storage of goods, services, and related information from point of origin to consumption to meet customer requirements. (correct)
- A part of supply chain management that only focuses on the physical transportation of goods.
In the context of the 4Ms principle, what does 'Material' refer to?
In the context of the 4Ms principle, what does 'Material' refer to?
Within the ECRS (Eliminate, Combine, Rearrange, Simplify) framework, which action aims to streamline a process to make it easier?
Within the ECRS (Eliminate, Combine, Rearrange, Simplify) framework, which action aims to streamline a process to make it easier?
Considering the case of an overflowing warehouse due to excess inventory, which of the 5W1H principles does 'the warehouse' represent?
Considering the case of an overflowing warehouse due to excess inventory, which of the 5W1H principles does 'the warehouse' represent?
The activities involving the delivery of goods from the manufacturer's plant to consumers, such as transportation and distribution, represent which part of the supply chain?
The activities involving the delivery of goods from the manufacturer's plant to consumers, such as transportation and distribution, represent which part of the supply chain?
What is considered a 'Goods'?
What is considered a 'Goods'?
Which of the following entities is responsible for sourcing raw materials according to purchase orders?
Which of the following entities is responsible for sourcing raw materials according to purchase orders?
Which mode of transportation typically has the highest shipping cost?
Which mode of transportation typically has the highest shipping cost?
Which type of product is best suited for air transportation?
Which type of product is best suited for air transportation?
How many activities are included in Logistics Activity of Integration?
How many activities are included in Logistics Activity of Integration?
Which of the following is NOT a type of inventory?
Which of the following is NOT a type of inventory?
A company needs 10,000 tons of flour annually and operates 250 days per year with an average lead time of 7 days. What is the Reorder Point (ROP)?
A company needs 10,000 tons of flour annually and operates 250 days per year with an average lead time of 7 days. What is the Reorder Point (ROP)?
A distributor needs 6,000 bottles/year, ordering costs are $40/order, and carrying costs are $10/bottle. What is the Economic Order Quantity (EOQ)?
A distributor needs 6,000 bottles/year, ordering costs are $40/order, and carrying costs are $10/bottle. What is the Economic Order Quantity (EOQ)?
Which of the following is NOT a benefit of Electronic Data Interchange (EDI)?
Which of the following is NOT a benefit of Electronic Data Interchange (EDI)?
Referring to the barcode, what does the number 2 indicate?
Referring to the barcode, what does the number 2 indicate?
Which of the following is NOT an example of RFID (Radio Frequency Identification)?
Which of the following is NOT an example of RFID (Radio Frequency Identification)?
What does Purchase Order mean?
What does Purchase Order mean?
Which document is used to request the company to purchase materials in order to use them within the organization?
Which document is used to request the company to purchase materials in order to use them within the organization?
Flashcards
Logistics Management
Logistics Management
Management that plans, implements and controls efficient flow and storage of goods, services and information.
Industrial Logistics
Industrial Logistics
The art and science of obtaining, producing, and distributing materials and products.
Logistics Management Definition
Logistics Management Definition
Planning, implementing, and controlling the efficient flow and storage of goods.
4M in Logistics
4M in Logistics
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ECRS Principles
ECRS Principles
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Distribution Center
Distribution Center
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Counting in Logistics
Counting in Logistics
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Bonded Warehouse
Bonded Warehouse
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Right Quality
Right Quality
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Logistics Originated From?
Logistics Originated From?
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Materials (4M)
Materials (4M)
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Purchase Requisition
Purchase Requisition
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Put-Away
Put-Away
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Perfect Order
Perfect Order
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Supplier
Supplier
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Air Transportation
Air Transportation
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Logistics Activity
Logistics Activity
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Study Notes
- This is a practice exam in Basic Logistics, course number 30200-0025.
- The exam consists of 30 multiple-choice questions with four options each.
- The time allowed for the exam is from 08:30 to 11:00.
Logistics Fundamentals
- Logistics originated in the military.
- The word "logistique" is derived from "loger."
- Logistics management involves planning, implementing, and controlling the efficient flow and storage of goods, services, and information from origin to consumption to meet customer requirements.
- Logistics management is part of supply chain management.
- This includes planning, execution, control of storage, and transportation of goods back and forth.
- Efficiency and effectiveness are key, from the source to consumption.
- The objective is to satisfy customer needs.
- In the industrial context, logistics involves the art and science of receiving, producing, and distributing materials and products to the right place in the right quantity.
- The process includes planning, implementing, and controlling the flow of materials, finished goods, and related information efficiently and effectively from production to usage.
- Meeting customer needs depends on accuracy, timeliness, quality, quantity, cost, and location.
- The aim is to deliver on time, reduce costs, satisfy customers, and increase product value.
Principles and Processes
- In the 4M principles, "Material" refers to managing production materials.
- In the ECRS principles, "Simplify" means making the work process easier.
- A common cause of problems in warehouses is excess inventory, which can occur due to over-ordering, unsold items, or returned goods.
- In the 5W 1H principle, regarding the warehouse case study, "What" refers to the excess inventory.
- Delivering goods from the factory to the consumer, including transportation and distribution is the activity of downstream.
Goods and Supply
- "Goods" is the correct term for products.
- A supplier is responsible for sourcing raw materials according to orders.
- Air transportation has the highest transportation costs.
- Orchids are suitable for air transport.
- Logistics activities include 14 integrated activities.
Inventory Management
- Inventory is in four categories.
- Product samples are not a type of inventory.
- A company needs 10,000 tons of flour annually, the company works 250 days a year, and the average lead time is 7 days. The reorder point (ROP) is 280.
- If the sales representative needs to sell 6,000 bottles of fermented fish sauce per year and the ordering cost is 40 baht/bottle, the storage cost is 10 baht/bottle. With 265 working days, the economic order quantity (EOQ) is 220.
Technology and Documentation
- Reducing paper usage is a benefit of Electronic Data Interchange (EDI).
- The number 2 indicates the product code on the sample barcode.
- QR codes are not Radio Frequency Identification (RFID).
- A Purchase Order is an order.
- A purchase requisition is a document requesting that the company purchase raw materials.
- The purchase approval document is a purchase requisition.
- Record keeping is not part of the procurement process.
Forecasting and Warehousing
- Statistics are not a aspect of qualitative forecasting.
- The forecast for June, using a 3-month and 5-month simple moving average, is 426 and 441, respectively.
- To forecast 2022 sales using a 4-month weighted average use the provided data.
- A distribution center is a center that distributes goods.
- Counting is the process of inventory checking.
- Bonded warehouses allow goods to be stored without paying taxes, potentially indefinitely.
- Right Quality is a principle of 5R's, meeting customer requirements
Transportation and Processes
- Pipeline is a different type of transportation when compared to the others.
- Converting units relates to the process called "Let-Down".
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