LOGISTICS MANAGEMENT FINAL
EXAM 2025 ACTUAL EXAM QUESTIONS
AND CORRECT ANSWERS | A+ GRADE
STUDY RESOURCE 2025-2026
Definition of a Logistics System Correct Answer network of
organizations/activities, engaged in management of
movement of storage of products, service, and information
Definition of Exclusive Distribution Correct Answer
Intentionally reaching a limited number of customers to
maintain prestige
Definition of Intensive Distribution Correct Answer Getting
products in the hands of all customers across a broad
market geography
Definition of Selective Distribution Correct Answer
Occupying a strategic position among a small number of
customers in a select region
Four broad supply chain strategies Correct Answer
Planning Based, Lean, Agile, Leagile
Definition of order management Correct Answer the
process you use to take, process, and fulfill customer
orders
,Customer driven aspects of order cycle Correct Answer •
Recognize Need
• Order Preparation
• Order Transmittal
• Order Receipt
• Order Payment
Supplier Driven aspects of order cycle Correct Answer •
Order Receipt
• Order Processing
• Order Preparation
• Order Shipment
Tradeoff between stockouts and overstocks Correct
Answer o Costs associated with Stockouts
♣ Lost revenue
♣ Goodwill and Reputation
♣ Follow-On Business
o Costs associated with an Overstock
♣ Opportunity Costs
♣ Holding Costs
♣ Markdown and Disposal Costs
Getting Inventory Right: Three Core Questions Correct
Answer o What does and effective and responsive order
fulfillment system look like?
o How can you effectively coordinate order management
across intra- and inter-firm decision makers?
o How can you improve the quality of your forecasts?
, Internal S&OP Correct Answer -Collaborate with internal
departments
-Detailed sharing of information leads to better execution
-Break down barriers, promote responsibility
External CPFR Correct Answer -Collaborate with major
customers
-Detailed sharing of information leads to lower inventory
and higher service levels
-Can be applied to suppliers as well as customers
Timing's Influence on Decision-Making Correct Answer
challenges of effective order management Correct Answer
1. complexity
2. ownership
3. uncertainty
Anatomy of an order fulfillment system Correct Answer -
Information Flow
- Physical Flow
- Financial Flow
Qualitative Forecasting Methods Correct Answer Grass
roots
Market research
Panel Consensus
Delphi method
Historical analogy
EXAM 2025 ACTUAL EXAM QUESTIONS
AND CORRECT ANSWERS | A+ GRADE
STUDY RESOURCE 2025-2026
Definition of a Logistics System Correct Answer network of
organizations/activities, engaged in management of
movement of storage of products, service, and information
Definition of Exclusive Distribution Correct Answer
Intentionally reaching a limited number of customers to
maintain prestige
Definition of Intensive Distribution Correct Answer Getting
products in the hands of all customers across a broad
market geography
Definition of Selective Distribution Correct Answer
Occupying a strategic position among a small number of
customers in a select region
Four broad supply chain strategies Correct Answer
Planning Based, Lean, Agile, Leagile
Definition of order management Correct Answer the
process you use to take, process, and fulfill customer
orders
,Customer driven aspects of order cycle Correct Answer •
Recognize Need
• Order Preparation
• Order Transmittal
• Order Receipt
• Order Payment
Supplier Driven aspects of order cycle Correct Answer •
Order Receipt
• Order Processing
• Order Preparation
• Order Shipment
Tradeoff between stockouts and overstocks Correct
Answer o Costs associated with Stockouts
♣ Lost revenue
♣ Goodwill and Reputation
♣ Follow-On Business
o Costs associated with an Overstock
♣ Opportunity Costs
♣ Holding Costs
♣ Markdown and Disposal Costs
Getting Inventory Right: Three Core Questions Correct
Answer o What does and effective and responsive order
fulfillment system look like?
o How can you effectively coordinate order management
across intra- and inter-firm decision makers?
o How can you improve the quality of your forecasts?
, Internal S&OP Correct Answer -Collaborate with internal
departments
-Detailed sharing of information leads to better execution
-Break down barriers, promote responsibility
External CPFR Correct Answer -Collaborate with major
customers
-Detailed sharing of information leads to lower inventory
and higher service levels
-Can be applied to suppliers as well as customers
Timing's Influence on Decision-Making Correct Answer
challenges of effective order management Correct Answer
1. complexity
2. ownership
3. uncertainty
Anatomy of an order fulfillment system Correct Answer -
Information Flow
- Physical Flow
- Financial Flow
Qualitative Forecasting Methods Correct Answer Grass
roots
Market research
Panel Consensus
Delphi method
Historical analogy
