100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
CLTD Module 1 Question and answers 100% correct 2024/2025 $13.99   Add to cart

Exam (elaborations)

CLTD Module 1 Question and answers 100% correct 2024/2025

 4 views  0 purchase
  • Course
  • CLTD - Certified in Logistics
  • Institution
  • CLTD - Certified In Logistics

CLTD Module 1 Question and answers 100% correct 2024/2025 CLTD Module 1 - Logistics Overview & Strategy Early 90s definition of logistics - correct answer merger of inbound materials mgmt with outbound physical distribution logistics - correct answer the subset of SCM that controls the fo...

[Show more]

Preview 3 out of 21  pages

  • September 15, 2024
  • 21
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • cltd module 1
  • CLTD - Certified in Logistics
  • CLTD - Certified in Logistics
avatar-seller
Carzola98
CLTD Module 1 - Logistics Overview &
Strategy
Early 90s definition of logistics - correct answer ✔merger of inbound
materials mgmt with outbound physical distribution


logistics - correct answer ✔the subset of SCM that controls the forward and
reverse movement, handling, and storage of goods between O/D points


Logistics Formula - correct answer ✔=Physical Supply + Distribution


Systems concept - correct answer ✔an attempt to create the most efficient
complete system as opposed to the most efficient individual parts


Total Cost Concept - correct answer ✔the idea that all logistical decisions
that provide equal service level should favor the option that minimizes total
cost and not just one area


Drop vs Stem Distance - correct answer ✔Drop = final mile or distance in the
delivery zone
Stem = long haul or distance to/from delivery zone


Line Haul - correct answer ✔the portion of a transportation journey that
moves between two terminals


Types of Production Methods (4) - correct answer ✔Make-to-stock
Make-to-order
Assemble-to-order

,Engineer-to-order


Suboptimization - correct answer ✔a solution to a problem that is best from a
narrow point of view but not from a higher level point of view


Four P's - correct answer ✔a set of marketing tools to direct the biz offering
to the customer (product, price, place (time), promotion)


echelon - correct answer ✔a level of supply chain nodes e.g. supplier,
manufacturer, DC


each is expected to make a profit


Value Added - correct answer ✔the actual increase of utility from the
viewpoint of the customer as a part is transformed from raw material to
finished inventory


Types of Logistics Utility - correct answer ✔Time
Place
Possession
Form
Quantity
Information
Service


Logistics Efficiency - correct answer ✔how much use/utility is gained from
the org resources being employed, including time, labor, money

, Logistics Effectiveness - correct answer ✔the ability to meet stated goals
and whether those goals are the true direction the org should be taking


2 Primary Components of CSV for transportation - correct answer ✔Speed
Consistency


Drivers of Logistics - correct answer ✔Cost vs. CSV
Customer needs, expectations
Schedule compression
Globalization
Market trends & Labor shortages
Competition
Complexity & Risk
Technology
Triply bottom line
Regulations, compliance
Extreme weather


Showcasing - correct answer ✔when customers use retail locations to look
at goods but buy online from the lowest cost providers


Triple Bottom Line - correct answer ✔the idea that 3 strategic goals need to
be balanced
1. Economic/Profitability
2. Environmental
3. Social

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Carzola98. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

66579 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$13.99
  • (0)
  Add to cart