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    L2 Inventory, Logistics and Expediting PDF

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    Eng. Abdulaziz A. Al-Massabi
    This document provides a sample exam for a procurement and supply operations certification. It includes 10 multiple choice questions testing knowledge of inventory management, logistics, and expediting. Key topics covered include reasons for holding safety stock and inventory, examples of inventory control systems, definitions of logistics and important documentation used in transportation. An important risk of stock outs mentioned is potential reputational damage for the organization.

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    L2 Inventory, Logistics and Expediting PDF

    Uploaded by

    Eng. Abdulaziz A. Al-Massabi
    1K views5 pages
    This document provides a sample exam for a procurement and supply operations certification. It includes 10 multiple choice questions testing knowledge of inventory management, logistics, and expediting. Key topics covered include reasons for holding safety stock and inventory, examples of inventory control systems, definitions of logistics and important documentation used in transportation. An important risk of stock outs mentioned is potential reputational damage for the organization.

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    L2 Inventory, logistics and Expediting.pdf

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    This document provides a sample exam for a procurement and supply operations certification. It includes 10 multiple choice questions testing knowledge of inventory management, logistics, and expediting. Key topics covered include reasons for holding safety stock and inventory, examples of inventory control systems, definitions of logistics and important documentation used in transportation. An important risk of stock outs mentioned is potential reputational damage for the organization.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    1K views5 pages

    L2 Inventory, Logistics and Expediting PDF

    Uploaded by

    Eng. Abdulaziz A. Al-Massabi
    This document provides a sample exam for a procurement and supply operations certification. It includes 10 multiple choice questions testing knowledge of inventory management, logistics, and expediting. Key topics covered include reasons for holding safety stock and inventory, examples of inventory control systems, definitions of logistics and important documentation used in transportation. An important risk of stock outs mentioned is potential reputational damage for the organization.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 5

    CIPS Level 2 – Certificate in Procurement and

    Supply Operations
    Module 5 – Inventory, Logistics and Expediting

    SAMPLE EXAM QUESTIONS


    OBJECTIVE RESPONSE QUESTIONS AND ANSWERS

    The correct answer will be identified as [key]

    Leading global excellence in procurement and supply


    L2M5 Sample Exam Questions Sep 2018
    Q1. Which of the following explains the actions involved as part of an efficient expediting system?

    a. Checking requirements for export of goods from another country


    b. Maintaining contact with important suppliers to reduce the likelihood of problems with orders
    [key]
    c. Updating users on progress and ensuring speedy release of the purchase order
    d. Ensuring invoices are checked and supplier payment is not delayed

    LO: 3

    AC: 3.2

    Q2. Why might an organisation hold safety stock?

    a. To minimise the risk of stock outs [key]


    b. To increase stock recording accuracy
    c. To reduce order and handling costs
    d. To utilise available storage capacity

    LO: 1

    AC: 1.1

    Q3. Which of the following is an example of why an organisation might decide to hold inventory?

    a) To help production look busy


    b) To maintain service level agreements [key]
    c) To make best use of warehouses
    d) To maintain smooth production

    LO: 1

    AC: 1.2

    2
    L2M5 Exam Exemplar Questions Sep 2018
    Q4. A example of system used to control inventory is …

    a. TQM
    b. MRP [key]
    c. NLP
    d. OGM

    LO: 1

    AC: 1.3

    Q5. Drag and drop the correct option into the blank space.

    can be described as “the management of the flow of goods and services between the point
    of origin and the point of consumption in order to meet customer requirements”.

    Logistics [key], Operations, Organisational success, Procurement

    LO: 2

    AC: 2.1

    Q6. The rules that are used internationally to define the way in which goods can be purchased are known
    as …

    a. land and sea terms


    b. open borders
    c. closed borders
    d. incoterms 2010 [key]

    LO: 2

    AC: 2.3

    3
    L2M5 Exam Exemplar Questions Sep 2018
    Q7. Which of the following documentation would you associate with the transportation of supplies?

    a. Specification
    b. Consignment note [key]
    c. Purchase order
    d. Supplier catalogue

    LO: 2

    AC: 2.5

    Q8. One of the major problems of transporting goods by sea is …

    a. salt ingress
    b. losing the ship in a storm
    c. time of delivery [key]
    d. excessive cost

    LO: 2

    AC: 2.2

    Q9. Air freight is often not considered to be an option to transport goods because …

    a. aircraft can crash


    b. it is very expensive [key]
    c. the pressure at height can damage goods
    d. loading is a problem

    LO: 2

    AC: 2.2

    4
    L2M5 Exam Exemplar Questions Sep 2018
    Q10. A stock out may lead to …

    a. better use of warehouse space


    b. reputational damage for the organisation [key]
    c. identifying ways to be more efficient
    d. increased value for money

    LO: 3

    AC: 3.1

    5
    L2M5 Exam Exemplar Questions Sep 2018

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