WGU D470 - Transportation, Logistics, and Distribution – EXAM |
QUESTIONS AND ANSWERS | LATEST EXAM UPDATE
Logistics - CORRECT ANSWER - Materials Management + Distribution
Supply Chain - CORRECT ANSWER - Suppliers + Logistics + Customers
Five Rights - CORRECT ANSWER - Right product, place, time, quantity, and
cost.
Total Logistics Concept (TLC) - CORRECT ANSWER - Integrates logistics
elements (transport, storage, packaging, etc.) into a single optimized system.
Trade-off analysis - CORRECT ANSWER - Ensures that savings in one area
do not cause higher costs elsewhere.
Logistics costs in the U.S. (2020) - CORRECT ANSWER - Around 7.6% of
GDP.
Transport cost - CORRECT ANSWER - ~48% of logistics cost (highest).
Logistics impact on GDP - CORRECT ANSWER - 7.4%-14.5% depending on
country.
Logistics planning levels - CORRECT ANSWER - Strategic (long-term),
Tactical (mid-term), Operational (short-term).
Planning vs. Control - CORRECT ANSWER - Planning = doing the right
thing (design), Control = doing things right (execution).
,Logistics planning cycle - CORRECT ANSWER - Where are we now? What
are our objectives? Plan the operations, Monitor performance, Adjust and
repeat.
Globalization in logistics - CORRECT ANSWER - Requires logistics systems
that are complex, integrated, and flexible.
Challenges of globalization - CORRECT ANSWER - Long lead times,
multiple transport modes, customization by region.
DPP - CORRECT ANSWER - Assigns true logistics costs to individual
products.
MRP/DRP - CORRECT ANSWER - Plans production and distribution to
minimize waste.
Logistics system components - CORRECT ANSWER - Moving functions
(transport) and stationary functions (storage, manufacturing).
Economic importance of logistics - CORRECT ANSWER - Impacts GDP and
cost components across various industries.
Historical evolution of logistics - CORRECT ANSWER - From informal
coordination in the 1950s-60s to strategic rethinking in the 2000s.
Third-party logistics (3PL) - CORRECT ANSWER - Growth observed in the
1980s due to rising costs and technology adoption.
Emergence of supply chain management - CORRECT ANSWER - 1990s
focus on end-to-end collaboration.
,Key trends in logistics (2010s-present) - CORRECT ANSWER - Green
logistics, humanitarian logistics, lean/agile supply chains, e-commerce, AI, and
Big Data.
Cost variations by industry - CORRECT ANSWER - High-value products
have low logistics %, low-value heavy products have high logistics %.
Small firms logistics costs - CORRECT ANSWER - Higher logistics % of
sales due to lack of economies of scale.
JIT - CORRECT ANSWER - Reduces inventory; delivers only what's needed,
when needed.
Cost-to-Serve - CORRECT ANSWER - Calculates real cost of serving
individual customers.
DOM - CORRECT ANSWER - Matches orders to best inventory location.
Control Tower - CORRECT ANSWER - Uses Big Data and AI for real-time
supply chain decisions.
Cost leader - CORRECT ANSWER - Low inventory, asset utilization.
Service leader - CORRECT ANSWER - Multiple delivery channels, tailored
service.
Segmented supply chains - CORRECT ANSWER - Meet differing customer
needs better than one-size-fits-all models.
Logistics - CORRECT ANSWER - Scope is inside the company.
, Supply Chain Management - CORRECT ANSWER - Scope is end-to-end
(supplier to customer).
Logistics focus - CORRECT ANSWER - Operational.
Supply Chain Management focus - CORRECT ANSWER - Strategic.
Inventory in Logistics - CORRECT ANSWER - Buffer between functions.
Inventory in Supply Chain Management - CORRECT ANSWER - Flow
optimizer.
Systems in Logistics - CORRECT ANSWER - Siloed.
Systems in Supply Chain Management - CORRECT ANSWER - Integrated,
real-time.
Benefits of Integration - CORRECT ANSWER - Efficiency, cost savings,
better customer service.
Barriers for small companies - CORRECT ANSWER - Lack of IT systems,
lack of long-term planning, organizational silos.
Customer service - CORRECT ANSWER - A key differentiator in competitive
markets.
Core Product - CORRECT ANSWER - Design, features, ease of use, quality.
QUESTIONS AND ANSWERS | LATEST EXAM UPDATE
Logistics - CORRECT ANSWER - Materials Management + Distribution
Supply Chain - CORRECT ANSWER - Suppliers + Logistics + Customers
Five Rights - CORRECT ANSWER - Right product, place, time, quantity, and
cost.
Total Logistics Concept (TLC) - CORRECT ANSWER - Integrates logistics
elements (transport, storage, packaging, etc.) into a single optimized system.
Trade-off analysis - CORRECT ANSWER - Ensures that savings in one area
do not cause higher costs elsewhere.
Logistics costs in the U.S. (2020) - CORRECT ANSWER - Around 7.6% of
GDP.
Transport cost - CORRECT ANSWER - ~48% of logistics cost (highest).
Logistics impact on GDP - CORRECT ANSWER - 7.4%-14.5% depending on
country.
Logistics planning levels - CORRECT ANSWER - Strategic (long-term),
Tactical (mid-term), Operational (short-term).
Planning vs. Control - CORRECT ANSWER - Planning = doing the right
thing (design), Control = doing things right (execution).
,Logistics planning cycle - CORRECT ANSWER - Where are we now? What
are our objectives? Plan the operations, Monitor performance, Adjust and
repeat.
Globalization in logistics - CORRECT ANSWER - Requires logistics systems
that are complex, integrated, and flexible.
Challenges of globalization - CORRECT ANSWER - Long lead times,
multiple transport modes, customization by region.
DPP - CORRECT ANSWER - Assigns true logistics costs to individual
products.
MRP/DRP - CORRECT ANSWER - Plans production and distribution to
minimize waste.
Logistics system components - CORRECT ANSWER - Moving functions
(transport) and stationary functions (storage, manufacturing).
Economic importance of logistics - CORRECT ANSWER - Impacts GDP and
cost components across various industries.
Historical evolution of logistics - CORRECT ANSWER - From informal
coordination in the 1950s-60s to strategic rethinking in the 2000s.
Third-party logistics (3PL) - CORRECT ANSWER - Growth observed in the
1980s due to rising costs and technology adoption.
Emergence of supply chain management - CORRECT ANSWER - 1990s
focus on end-to-end collaboration.
,Key trends in logistics (2010s-present) - CORRECT ANSWER - Green
logistics, humanitarian logistics, lean/agile supply chains, e-commerce, AI, and
Big Data.
Cost variations by industry - CORRECT ANSWER - High-value products
have low logistics %, low-value heavy products have high logistics %.
Small firms logistics costs - CORRECT ANSWER - Higher logistics % of
sales due to lack of economies of scale.
JIT - CORRECT ANSWER - Reduces inventory; delivers only what's needed,
when needed.
Cost-to-Serve - CORRECT ANSWER - Calculates real cost of serving
individual customers.
DOM - CORRECT ANSWER - Matches orders to best inventory location.
Control Tower - CORRECT ANSWER - Uses Big Data and AI for real-time
supply chain decisions.
Cost leader - CORRECT ANSWER - Low inventory, asset utilization.
Service leader - CORRECT ANSWER - Multiple delivery channels, tailored
service.
Segmented supply chains - CORRECT ANSWER - Meet differing customer
needs better than one-size-fits-all models.
Logistics - CORRECT ANSWER - Scope is inside the company.
, Supply Chain Management - CORRECT ANSWER - Scope is end-to-end
(supplier to customer).
Logistics focus - CORRECT ANSWER - Operational.
Supply Chain Management focus - CORRECT ANSWER - Strategic.
Inventory in Logistics - CORRECT ANSWER - Buffer between functions.
Inventory in Supply Chain Management - CORRECT ANSWER - Flow
optimizer.
Systems in Logistics - CORRECT ANSWER - Siloed.
Systems in Supply Chain Management - CORRECT ANSWER - Integrated,
real-time.
Benefits of Integration - CORRECT ANSWER - Efficiency, cost savings,
better customer service.
Barriers for small companies - CORRECT ANSWER - Lack of IT systems,
lack of long-term planning, organizational silos.
Customer service - CORRECT ANSWER - A key differentiator in competitive
markets.
Core Product - CORRECT ANSWER - Design, features, ease of use, quality.
