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Which of the following is the correct statement about total ordering cost?
Which of the following is the correct statement about total ordering cost?A . Rise as the average stock level rises B. Equal the number of orders placed times the cost of placing an order C. Rise as the order quantity rises D. Fall with the per period usage rateView AnswerAnswer:...
Do all types of warehouses require access to daylight to reduce the cost of electricity?
Do all types of warehouses require access to daylight to reduce the cost of electricity?A . No, because only ventilation can help to reduce the humidity in the warehouse B. No, because some types of stock are sensitive to sunlight C. Yes, because sunlight sterilises inventories in damp conditions D....
The amount of inventory available at the start of an accounting period is known as...?
The amount of inventory available at the start of an accounting period is known as...?A . Buffer stock B. Work-in-progress C. Opening stock D. Closing stockView AnswerAnswer: C Explanation: Opening stock is the starting amount of inventory that a business has at a fixed moment in time. This could be...
This is an example of...?
A brewery sells its beer in aluminum cans. It recycles the cans by using contractors to collect and mold the used cans. This is an example of...?A . Closed-loop recycling B. Carbon recycling C. Open-loop recycling D. ReuseView AnswerAnswer: A Explanation: There are two main processes of recycling C open...
Which of the following is essential to effective implementation of just-in-time?
Which of the following is essential to effective implementation of just-in-time?A . Regular machine changeovers B. Larger warehouse for larger amount of inventory C. No need for smoothing production D. Strong links between the suppliers and the buying organisationView AnswerAnswer: D Explanation: For JIT manufacturing to succeed, companies must have...
Which type of codes can a barcode laser scanner (linear scanner) read?
Which type of codes can a barcode laser scanner (linear scanner) read?A . Numerical code B. QR code C. Aztec code D. 1D barcodeView AnswerAnswer: D Explanation: One-dimensional (or 1D) barcodes systematically represent data by varying the widths and spacings of parallel lines. These include some of the most traditional...
The amount of inventory available at the start of an accounting period is known as...?
The amount of inventory available at the start of an accounting period is known as...?A . Buffer stock B. Work-in-progress C. Opening stock D. Closing stockView AnswerAnswer: C Explanation: Opening stock is the starting amount of inventory that a business has at a fixed moment in time. This could be...
XYZ Ltd organises a meeting in order to decide on the safety stock level of a strategic material which is used in XYZ latest product - DMD. To do this, they must forecast the future demand for this new product. In the meeting, external consultants are invited to join with cross-functional team. Each person of the group anonymously replies to questionnaires and subsequently receives feedback in the form of a statistical representation of the "group response," after which the process repeats itself. The goal is to reduce the range of responses and arrive at something closer to expert consensus. XYZ Ltd is using which forecasting method?
XYZ Ltd organises a meeting in order to decide on the safety stock level of a strategic material which is used in XYZ latest product - DMD. To do this, they must forecast the future demand for this new product. In the meeting, external consultants are invited to join with...
Which of the following is NOT an improvement available in ERP II in compare with ERP?
Which of the following is NOT an improvement available in ERP II in compare with ERP?A . ERP II systems are closed and silo-working B. ERP II enables the organisation to collaborate with trading partners across the supply chain C. ERP II crosses all sectors and segments of business, including...
The amount of inventory available at the start of an accounting period is known as...?
The amount of inventory available at the start of an accounting period is known as...?A . Buffer stock B. Work-in-progress C. Opening stock D. Closing stockView AnswerAnswer: C Explanation: Opening stock is the starting amount of inventory that a business has at a fixed moment in time. This could be...
