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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...
Which of the following best describes what happens when order volumes from customers increase and multiply through the supply chain?
Which of the following best describes what happens when order volumes from customers increase and multiply through the supply chain?A . Pareto curveB . Opitz systemC . Forrester effectD . Seasonal demandView AnswerAnswer: C Explanation: The bullwhip effect (or Forrester effect) is a distribution channel phenomenon in which forecasts yield...
This pricing appendix is an example of...?
In the Appendix A of a long-term supply contract of Bulk Drug Substance, both parties agree that "The reference price for Bulk Product at the specification, per gram, shall be US$10. The unit price for Bulk Product for a specific Purchase Order shall be computed by multiplying the above- specified...
This pricing appendix is an example of...?
In the Appendix A of a long-term supply contract of Bulk Drug Substance, both parties agree that "The reference price for Bulk Product at the specification, per gram, shall be US$10. The unit price for Bulk Product for a specific Purchase Order shall be computed by multiplying the above- specified...
Which of the following best describes the term ‘periodic review’?
Which of the following best describes the term ‘periodic review’?A . Items are reviewed and orders placed depending on requirementsB . Items are reviewed when the Kanban is triggeredC . Items are reviewed when the price is at its lowestD . Items are reviewed as part of an imprest systemView...
Which of the following is an important part of these systems?
To improve the security of a warehouse, alarm systems are commonly used. Which of the following is an important part of these systems?A . SensorsB . FencingC . CCTVD . LightingView AnswerAnswer: A Explanation: The most basic alarm consists of one or more sensors to detect intruders, and an alerting...
Which of the following is the core idea of Lean manufacturing?
Which of the following is the core idea of Lean manufacturing?A . New product developmentB . Waste eliminationC . Improving response to erratic demandD . Business Continuity PlanningView AnswerAnswer: B Explanation: The core idea of lean manufacturing is actually quite simple…relentlessly work on eliminating waste from the manufacturing process. Waste...
Which of the following statements holds true about inventory holding costs?
Which of the following statements holds true about inventory holding costs?A . They decline as the cost of the inventory item risesB . They always exceed total ordering costsC . They depend upon the opportunity cost of tying up funds and the average value of the stock holdingD . They...
Which pillar of sustainability would include the practice of ASI Ltd?
ASI Ltd is known for its commitment to sustainability. ASI builds railroad ties and pilings using recycled plastic bottles and industrial waste instead of standard materials such as wood, steel, and cement. This practice helps the company save 15% in compare with traditional material purchases. Which pillar of sustainability would...
Bulk loose coal that requires massive handling system should be stored in which area?
Bulk loose coal that requires massive handling system should be stored in which area?A . Chill hubB . StockyardC . Heating warehouseD . StoreView AnswerAnswer: B Explanation: Materials that will not easily deteriorate, are generally stored in open or fairly covered areas (stockyard). The materials are usually in bulk, like...
