SCM 413 EXAM QUESTIONS AND
CORRECT ANSWERS
Name the five primary modes of transportation ✅✅ANSW-Rail, Air, Road, Water and Pipeline
3 Types of Inventory Costs ✅✅ANSW-Holding cost
Ordering costs
Stock-out cost (cost of not having it)
6 different times of inventory ✅✅ANSW-Normal
Safety / Buffer
In-transit
Speculative/Psychic
Seasonal
Dead
Father of TQM ✅✅ANSW-William Edwards Deming
Logistics is all about managing the movement of what ✅✅ANSW-Inventory, Information and
Cash
What do logistics managers manage? ✅✅ANSW-Total Landed Cost
The 7 R's of Logistics ✅✅ANSW-The right product
In the right quantity
In the right condition
At the right place
At the right time
At the right cost
AND delivered to the right customer
CORRECT ANSWERS
Name the five primary modes of transportation ✅✅ANSW-Rail, Air, Road, Water and Pipeline
3 Types of Inventory Costs ✅✅ANSW-Holding cost
Ordering costs
Stock-out cost (cost of not having it)
6 different times of inventory ✅✅ANSW-Normal
Safety / Buffer
In-transit
Speculative/Psychic
Seasonal
Dead
Father of TQM ✅✅ANSW-William Edwards Deming
Logistics is all about managing the movement of what ✅✅ANSW-Inventory, Information and
Cash
What do logistics managers manage? ✅✅ANSW-Total Landed Cost
The 7 R's of Logistics ✅✅ANSW-The right product
In the right quantity
In the right condition
At the right place
At the right time
At the right cost
AND delivered to the right customer
