12 Questions
What pricing strategy sets the pricing floor or minimum charge?
Marginal-cost/Variable cost
Which pricing strategy is based on what the customer is willing to pay?
Value of service pricing
What are some common performance measures in logistics and supply chain management?
In-stock rate, Expedite frequency, Customer retention rate, Packaging sustainability
Which system is used to simplify the potential complexity of trillions of possible shipments?
Class rate system
What are some cost measures that can be considered in logistics?
Warehousing cost per unit, Total landed cost, Transportation cost per unit, Fuel efficiency
What is a common element included in freight class ratings for each shipment?
Commodities-freight class
What factor influences logistics costs by offering more delivery options and unique products?
Customization
How does the weight of a product affect its transportation costs?
Heavier products cost more to transport
Which factor leads to higher transportation and warehousing costs due to an increased risk of damage to a product?
Susceptibility to Damage
What factor accounts for dynamic changes to fuel costs in transportation pricing?
Fuel Surcharge
How does economy of distance impact transportation costs?
Cost per unit weight decreases as distance increases
Which customer pricing scheme bases its price on the cost to the carrier?
Cost-of-service pricing
Test your knowledge on factors that influence logistics costs including service-related factors like speed, reliability, customization, and product-related factors like weight, density, dollar value, and susceptibility to damage.
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