1|Page
CLTD FINAL EXAM LATEST 2025 ACTUAL EXAM WITH COMPLETE
QUESTIONS AND CORRECT DETAILED ANSWERS (100% VERIFIED
ANSWERS) |ALREADY GRADED A+| ||PROFESSOR VERIFIED||
||BRANDNEW!!!||
According to the service attribute matrix, if logistics performs at a
low level on an unimportant service level attribute according to the
customer, it is called... - ANSWER-Relative Importance
What is the term for the comprehensive measure of service
levels? - ANSWER-Fill Rate
Billing adjustments, profit margins, and customer complaint
statistics are common metrics for... - ANSWER-Processes
What is the first step in the process of developing a CSM
strategy? - ANSWER-Analyze the current relationships with
customers
What metric is closely tied to the customer service ratio?
-Order delivery frequency
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-SKU Fill Rate
-Product Recall Rate
-Stockout Frequency - ANSWER-Stockout Frequency
What category in ABS analysis of inventory will contain the most
SKUs? - ANSWER-C
A distributor instructs pickers to document remaining inventory on
order lists as they remove items. The results are aggregated to
determine current inventory. What type of cycle counting does this
illustrate? - ANSWER-Demand Order
For what situation would a two-bin inventory review system be
appropriate? - ANSWER-The impact on customer service is likely
and costly
What is the desired goal for inventory accuracy stated in the
APICS dictionary? - ANSWER-95-99%
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A manufacturer maps inventory time in the pipeline and finds that
non-value-added time is almost as high as value-added time.
What should the business do first? - ANSWER-Conduct a
thorough process analysis
How is the number of inventory turns calculated? - ANSWER-
COGS / Avg. Inventory
Coordinating the lot sizing and order release decision for related
items and treating them as a family of items - ANSWER-Joint
Replenishment
The actual value inventory approach assigns value to inventory
based on ______ - ANSWER-lots
When is an order's size most economical? - ANSWER-When
acquisition costs are at their lowest point
Stock needed to meet normal demand before replenishment -
ANSWER-Cycle Stock
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How do you calculate standard deviation using the MAD formula?
- ANSWER-1.25*MAD
What costs are included in a business's inventory carrying cost
percentage? - ANSWER-Equipment leases, financing charges,
and taxes
How is the value of inventory determined in a FIFO system? -
ANSWER-Value is based on that of the oldest inventory
How are economies of scale most commonly achieved in terms of
inventory? - ANSWER-Procurement, production, and
transportation tactics
What is "Actual Capacity" in the context of warehouse
management? - ANSWER-Percentage of total capacity used for
storage
CLTD FINAL EXAM LATEST 2025 ACTUAL EXAM WITH COMPLETE
QUESTIONS AND CORRECT DETAILED ANSWERS (100% VERIFIED
ANSWERS) |ALREADY GRADED A+| ||PROFESSOR VERIFIED||
||BRANDNEW!!!||
According to the service attribute matrix, if logistics performs at a
low level on an unimportant service level attribute according to the
customer, it is called... - ANSWER-Relative Importance
What is the term for the comprehensive measure of service
levels? - ANSWER-Fill Rate
Billing adjustments, profit margins, and customer complaint
statistics are common metrics for... - ANSWER-Processes
What is the first step in the process of developing a CSM
strategy? - ANSWER-Analyze the current relationships with
customers
What metric is closely tied to the customer service ratio?
-Order delivery frequency
,2|Page
-SKU Fill Rate
-Product Recall Rate
-Stockout Frequency - ANSWER-Stockout Frequency
What category in ABS analysis of inventory will contain the most
SKUs? - ANSWER-C
A distributor instructs pickers to document remaining inventory on
order lists as they remove items. The results are aggregated to
determine current inventory. What type of cycle counting does this
illustrate? - ANSWER-Demand Order
For what situation would a two-bin inventory review system be
appropriate? - ANSWER-The impact on customer service is likely
and costly
What is the desired goal for inventory accuracy stated in the
APICS dictionary? - ANSWER-95-99%
,3|Page
A manufacturer maps inventory time in the pipeline and finds that
non-value-added time is almost as high as value-added time.
What should the business do first? - ANSWER-Conduct a
thorough process analysis
How is the number of inventory turns calculated? - ANSWER-
COGS / Avg. Inventory
Coordinating the lot sizing and order release decision for related
items and treating them as a family of items - ANSWER-Joint
Replenishment
The actual value inventory approach assigns value to inventory
based on ______ - ANSWER-lots
When is an order's size most economical? - ANSWER-When
acquisition costs are at their lowest point
Stock needed to meet normal demand before replenishment -
ANSWER-Cycle Stock
, 4|Page
How do you calculate standard deviation using the MAD formula?
- ANSWER-1.25*MAD
What costs are included in a business's inventory carrying cost
percentage? - ANSWER-Equipment leases, financing charges,
and taxes
How is the value of inventory determined in a FIFO system? -
ANSWER-Value is based on that of the oldest inventory
How are economies of scale most commonly achieved in terms of
inventory? - ANSWER-Procurement, production, and
transportation tactics
What is "Actual Capacity" in the context of warehouse
management? - ANSWER-Percentage of total capacity used for
storage
