CLTD Exam Dumps - Certified in Logistics, Transportation and Distribution

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Question # 4

A corporation is projecting annual sales at S35 million, cost of goods sold (COGS) at S25 million, and administrative expenses at $3 million. In order to meet its corporate inventory turns goal of 5.0, their inventory level must average:

$4.4 million.

$5 million.

$7 million.

$7.6 million.

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Question # 5

A firm offers their customers shorter order cycle times and increased product variety. Generally, this action would have which of the following impacts on total logistics costs?

Increases total logistics costs

Reduces total logistics costs

Has no impact on total logistics costs

Only affects service levels, not costs

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Question # 6

Stockout frequency refers to:

the probability that a firm will not have inventory available to meet customer orders.

a single event where a firm will not have inventory available to meet customer orders.

the cost of sales that a firm will have when insufficientinventory is available to meetcustomer orders.

the percentage of days in which inventory necessary to meet customer orders is missing.

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Question # 7

A company has prioritized customers A. B, and C. filling orders in that sequence. What are the impacts to customer service levels for customers B and C?

100% service levels for B and C

Customer B has higher service level

Customer C has higher service level

Customer B and C have same service level

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Question # 8

In the economic utility function of logistics, logistics adds:

formand time utilities to products,while other activities addplace and possession utilities.

possession and place utilities toproducts,while other activities add form and time utilities.

place and time utilities to products, while other activities add form and possession utilities.

possession and form utilities to products, while other activities add time and place utilities.

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