LogiMasters: Advanced SCM Terms

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Master advanced logistics terms

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Daria

Ukraine

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Froggy Jumps LogiMasters: Advanced SCM TermsOnline version Master advanced logistics terms by Daria 1 Which procurement approach selects suppliers to minimize total cost and risk across the supply chain? a Strategic sourcing b Spot purchasing c Single-sourcing 2 What is the main role of a freight forwarder in international shipments? a Coordinate shipments and optimize routing b Execute production c Set customs tariffs 3 Which inventory method determines the optimal order size to balance costs? a Push-based ordering b Vendor-managed inventory c Economic Order Quantity (EOQ) 4 Incoterms define who bears costs and risks in a shipment. Which term would you consult for this? a Trade tariffs b Incoterms c Logistics KPIs 5 Which procurement strategy uses multiple suppliers to reduce supply risk? a Dual sourcing b Single sourcing c Hedging 6 What codes classify traded products for customs to determine duties? a Tariff schedules b Harmonized System (HS) codes c Customs broker IDs 7 Which inventory approach triggers replenishment based on actual demand? a Push planning b Batch production c Just-in-Time (JIT) 8 Which term covers controls and regulations to prevent illegal cross-border goods? a Quality certifications b Internal audits c Export controls 9 Which KPI measures how many times inventory cycles through in a period? a Inventory turnover b Days of inventory c Fill rate 10 What process identifies risks and prepares mitigations in the supply chain? a Contingency planning b Supplier onboarding c Cost reduction

Froggy Jumps

LogiMasters: Advanced SCM TermsOnline version

Master advanced logistics terms

by Daria

Which procurement approach selects suppliers to minimize total cost and risk across the supply chain?

Strategic sourcing

Spot purchasing

Single-sourcing

What is the main role of a freight forwarder in international shipments?

Coordinate shipments and optimize routing

Execute production

Set customs tariffs

Which inventory method determines the optimal order size to balance costs?

Push-based ordering

Vendor-managed inventory

Economic Order Quantity (EOQ)

Incoterms define who bears costs and risks in a shipment. Which term would you consult for this?

Trade tariffs

Incoterms

Logistics KPIs

Which procurement strategy uses multiple suppliers to reduce supply risk?

Dual sourcing

Single sourcing

Hedging

What codes classify traded products for customs to determine duties?

Tariff schedules

Harmonized System (HS) codes

Customs broker IDs

Which inventory approach triggers replenishment based on actual demand?

Push planning

Batch production

Just-in-Time (JIT)

Which term covers controls and regulations to prevent illegal cross-border goods?

Quality certifications

Internal audits

Export controls

Which KPI measures how many times inventory cycles through in a period?

Inventory turnover

Days of inventory

Fill rate

What process identifies risks and prepares mitigations in the supply chain?

Contingency planning

Supplier onboarding

Cost reduction

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LogiMasters: Advanced SCM Terms

Froggy Jumps

About this activity

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Download the paper version to play

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LogiMasters: Advanced SCM TermsOnline version

by Daria

Which procurement approach selects suppliers to minimize total cost and risk across the supply chain?

What is the main role of a freight forwarder in international shipments?

Which inventory method determines the optimal order size to balance costs?

Incoterms define who bears costs and risks in a shipment. Which term would you consult for this?

Which procurement strategy uses multiple suppliers to reduce supply risk?

What codes classify traded products for customs to determine duties?

Which inventory approach triggers replenishment based on actual demand?

Which term covers controls and regulations to prevent illegal cross-border goods?

Which KPI measures how many times inventory cycles through in a period?

What process identifies risks and prepares mitigations in the supply chain?

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