Warehouse Operation
What is the primary purpose of a warehouse in contract logistics?
To store goods efficiently and facilitate distribution to customers.
What does “last mile delivery” refer to?
The final step of delivery from the distribution center to the end customer.
What does FIFO stand for?
First In, First Out.
Is the earth flat or round
round
What does 3PL stand for?
Third-Party Logistics.
What does “cross-docking” mean?
A process where inbound goods are directly transferred to outbound transport with minimal storage.
What do FCL and LCL stand for?
FCL (Full ContainerLoad); LCL (Less-than-ContainerLoad)
What is safety stock used for?
To protect against stockouts caused by demand variability or supply delays.
Most Recent F1 eace Scuderia Ferrari HP won
Mexico 2024
Give one example of a 3PL provider.
DHL, CEVA Logistics, DB Schenker, Kuehne+Nagel, etc.
Name two types of warehouse picking methods.
Zone picking, batch picking.
Define “milk run” logistics.
A route designed to collect or deliver goods from multiple suppliers/customers in one trip.
How is EOQ (Economic Order Quantity) calculated conceptually?
By balancing order cost and holding cost to minimize total inventory cost.
What is the fastest fish in the world
SailFish
How does 4PL differ from 3PL?
4PL manages multiple 3PLs and provides end-to-end supply chain solutions.
What does “put-away” refer to in warehouse operations?
The process of moving goods from receiving to their designated storage locations.
What factors affect transportation cost the most?
Distance, shipment weight/volume, mode of transport, fuel prices, and service level.
What causes inventory obsolescence in contract logistics?
Slow-moving goods, product changes, or expired shelf life.
In 1977, NASA launched two identical spacecraft that carried a golden record containing sounds and images of Earth to communicate with potential extraterrestrial life.
Voyager 1 and Voyager 2
What is a “Lead Logistics Provider”?
A company that coordinates and manages a client’s entire logistics network.