Question 1

Random stocking can be greatly improved through the use of a(n):

Options :

A : advanced planning system (APS)

B : inventory management system (IMS)

C : transportation management system (TMS).

D : warehouse management system (WMS).

Answer: A

Question 2

Which of the following types benchmarking would a company utilize in order to determine why a significant gap exists in its order fill rates?

Options :

A : Performance benchmarking

B : Process benchmarking

C : Product benchmarking

D : Strategic benchmarking

Answer: B

Question 3

Excluding cost, which of the following sets of criteria describes the primary drivers for transportation mode selection?

Options :

A : Capacity, transit time, reliability, safety, and supply chain security participation

B : Accessibility, capacity, transit time, reliability, and financial stability

C : Accessibility, capacity, transit time, reliability, and safety

D : Capacity, transit time, safety, supply chain security participation, and availability

Answer: D

Question 4

Which of the following items undermines the attempts to simplify transportation pricing?

Options :

A : rate-basis numbers

B : Class rate

C : Commodity rate

D : Incentive rate

Answer: A

Question 5

Which of the following rules specifies whether the importer or exporter is responsible for insuring cargo?

Options :

A : World Trade Organization (WTO) rule

B : Lloyds of London rule

C : Incoterms® rule

D : Shipper’s rule

Answer: A

Higher Test Marks with Free Online CLTD Exam Practice