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