CLT CLT Supply Chain Management 2

Question 1

What is 'lead time' in supply chain management?

Accepted Answer

The total time from order placement to order receipt

Answer

Lead time is the total elapsed time between placing an order with a supplier and receiving that order at the destination.

Question 2

Which supply chain strategy has the supplier monitor and replenish inventory at the customer's location using shared data?

Accepted Answer

Vendor Managed Inventory (VMI)

Answer

Vendor Managed Inventory (VMI) shifts replenishment responsibility to the supplier, who monitors stock levels and replenishes based on real-time shared data.

Question 3

What is the purpose of safety stock in inventory management?

Accepted Answer

To buffer against demand variability and supply uncertainty

Answer

Safety stock is extra inventory held beyond expected demand to prevent stockouts caused by unpredictable demand fluctuations or supply delays.

Question 4

Which technology uses radio waves to automatically identify and track tags attached to objects, enabling real-time inventory visibility?

Accepted Answer

RFID (Radio Frequency Identification)

Answer

RFID technology uses electromagnetic fields to automatically identify and track tagged items, and can read multiple items simultaneously without requiring line-of-sight.

Question 5

What does '3PL' stand for in logistics?

Accepted Answer

Third-party logistics

Answer

Third-party logistics (3PL) refers to outsourcing logistics operations such as warehousing, transportation, and fulfillment to a specialized external provider.

CLT - Certified Logistics Technician Practice Test

CLT - Certified Logistics Technician Practice Test

CLT CLT Supply Chain Management 2