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
3 Types of Warehouses ANSW✅✅Private Warehouse, Public Warehousing and Contract
Warehousing
Four dimensions of customer service include ANSW✅✅Time
Dependability
Communication
Convenience
Logistics is all about managing the movement of what ANSW✅✅Inventory, Information and Cash
What do logistics managers manage? ANSW✅✅Total Landed Cost
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
3 Types of Warehouses ANSW✅✅Private Warehouse, Public Warehousing and Contract
Warehousing
Four dimensions of customer service include ANSW✅✅Time
Dependability
Communication
Convenience
Logistics is all about managing the movement of what ANSW✅✅Inventory, Information and Cash
What do logistics managers manage? ANSW✅✅Total Landed Cost
