Which of the following documentation represents a carrier's method of charging for transportation services performed?

• A.Letter of credit (L/C)
• B.Shipment manifest
• C.Bill of lading (B/L)
• D.Freight invoice

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Benchmarking a firm's performance against industry competitors is most valuable because it can reveal:

• A.that no further improvement is possible.
• B.a firm's leadership ranking relative to industry peers.
• C.which processes require improvement.
• D.a competitor's manufacturing processes.

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Under what condition does the costs associated with the market mediation function occur?

• A.when supply is greater than demand
• B.when supply equals demand
• C.when supply does not equal to demand
• D.when supply is less than demand

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A key concept of lean methodology is to replace forecast driven demand with:

• A.enterprise resource planning (ERP).
• B.pull signals from customers.
• C.daily lot sizing of supplier orders.
• D.distribution requirements planning (DRP).

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Which of the following planning systems examine both independent and dependent demanditems:
I. DRP
II. MPS
III. MRP

• A.I and II
• B.III
• C.II
• D.I
• E.II and III

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