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Which of the following is the most suitable container of fasteners (screws, nails, nuts and bolts,...)?
Which of the following is the most suitable container of fasteners (screws, nails, nuts and bolts,...)?A . Bar rackB . PalletC . Tote boxD . Stock cageView AnswerAnswer: C Explanation: Tote box is the reusable storage box. These can be open or have lids or flaps to close them and...
Which of the following best describes the relationship between a service level and safety stock?
Which of the following best describes the relationship between a service level and safety stock? A. A safety stock is not always required to achieve a required service level B. A service level decreases in proportion to a decrease in safety stock C. When safety stock is zero the service...
Is this statement true?
When deciding on the storage facilities and locations, an organisation needs to assess the current situation comprehensively and forecast the future demands. Quantitative analysis is the best method for these activities. Is this statement true?A . Yes, quantitative analysis provides a reality based on numerical valuesB . No, some intangible...
Which of the following are main objectives of warehouse operations? Select TWO that apply.
Which of the following are main objectives of warehouse operations? Select TWO that apply.A . To ensure stock available when customers demandB . To create sufficient space for redundant stockC . To minimise stock loss and deteriorationD . To generate check digits for a product codeE . To maintain the...
Waste in Lean manufacturing is defined as...?
Lean principle focuses on eliminating eight types of waste. Waste in Lean manufacturing is defined as...?A . Non value-adding steps in a processB . Part of activity when operator is idleC . Part of any activity which is inevitableD . Rejection of material because of quality related problemsView AnswerAnswer: A...
Which one of the following statements is true about radio frequency identification (RFID)?
Which one of the following statements is true about radio frequency identification (RFID)?A . RFID tags require laser scanning.B . A passive RFID tag does not use an antennaC . An active RFID tag does not require a power sourceD . Normally passive RFID tags store ID numbersView AnswerAnswer: D...
Assuming that all other factors are constant except one, the net present value of a capital expenditure increases when...?
Assuming that all other factors are constant except one, the net present value of a capital expenditure increases when...?A . The initial cost of a project increasesB . The discounted rate increasesC . Net cash flow during a time period increasesD . Cash outflow during a time period increasesView AnswerAnswer:...
"Open stock plus purchases minus closing stock" is the formula of which of the following?
"Open stock plus purchases minus closing stock" is the formula of which of the following?A . InventoryB . RevenueC . Cost of goods soldD . LiabilityView AnswerAnswer: C Explanation: The amount of closing stock (properly valued) is used to arrive at the cost of goods sold in a periodic inventory...
Which of the following best describes the relationship between a service level and safety stock?
Which of the following best describes the relationship between a service level and safety stock? A. A safety stock is not always required to achieve a required service level B. A service level decreases in proportion to a decrease in safety stock C. When safety stock is zero the service...
Variability of lead time
Variability of lead timeA . 1 and 3 onlyB . 1 and 2 onlyC . 2 and 4 onlyD . 3 and 4 onlyView AnswerAnswer: D Explanation: Safety stock is also known as buffer stock. As this name suggests, this type of stock provides some kind of 'buffer', which means...
