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1.
Which of the following is an assumption of the Economic Order Quantity (EOQ) model?
2.
In inventory management, the cost of insurance and taxes are included in which cost group?
3.
Which one of the following statements is true about RFID?
4.
PPC Refinery must close an outdated, environmentally poor-performing refinery with hazardous materials. What document provides technical details about its machinery and substances?
5.
Practice of unloading goods from inbound delivery vehicles and loading them directly onto out-bound vehicles is known as ...?
6.
Which of the following best describes available inventory (also known as inventory position)?
7.
Which of the following is often created by each business and commonly used for the purpose of inventory management?
8.
A manufacturing organisation has a large volume of raw material stock now viewed as redundant. Which of the following is the most appropriate process for the organisation?
9.
Is it correct to state that the accuracy of demand forecasts depends on the accuracy of the available information?
10.
A restaurant needs to buy a new freezer. The owner applies total cost of ownership model to calcu-late the life- time cost of the freezer. This equipment has a price tag of $ 1,000, the supplier can offer free delivery if the restaurant pays off immediately. Estimated electricity consumption of the freezer is $ 200 in 5 years. The supplier ascertains that the freezer is very durable, buyer doesn't need to care about maintenance costs. However, if the restaurant needs better protection from breakdowns, the warranty is free for the first 12 months after the purchase. This warranty package can be extended once for another 24- month period with the cost of $ 75. After 5 years, the buyer will be able to resell this freezer for $ 250.What would be the estimated total cost of ownership of this freezer if the restaurant owner buys the extended warranty package?
11.
The only reason stocks become obsolete is because items have been held in stock for a very long time. Is this a valid statement?
12.
MRP system is the most suitable IT system to manage which type of items?
13.
Which of the following would be considered independent demand items of stock for a supplier that is manufacturing laboratory imaging equipment? Select TWO that apply.
14.
Company XYZ is a candy manufacturer. Company XYZ makes a batch of 1,000 Christmas candy canes that are no longer edible after December 31. Company XYZ is able to sell 750 canes of the batch, but the other 250 are sitting in the warehouse. December 31 comes, and these candy canes is no longer sell-able. The batch of 250 candy canes belongs to which type of inventory?
15.
construction organisation requires specialist equipment for digging deep foundations. Which of the following circumstances would result in the hire of equipment rather than leasing it?
16.
An organisation needs to determine whether to lease a piece of equipment or purchase it outright. From the following statements, which ones describe the advantages for a procurement organisation to lease rather than to purchase outright?
1.Capital allowances may be set against tax, and grants may be available
2.There is no initial investment which would tie up the organisation's working capital
3. It would protect against technological obsolescence as equipment can be replaced as required
3.The total cost may be higher than purchasing the equipment outright
17.
A logistics company has a 2-story warehouse in the suburban area. The goods receiving area and dispatch area are located on the ground floor only. There is a lift connecting the two floors. The daily operations of the warehouse are quite busy. Which of the following would the best arrangement for this warehouse?
18.
Which of the following are main objectives of warehouse operations? Select TWO that apply.
19.
What term describes the method used to account for inventory, where the most recently produced items are recorded as sold first?
20.
When designing the layout of a warehouse or stores area, one of the factors to consider is the width of the aisles between the racking. Which of the following is a main consideration when calculating the aisle width?
21.
XYZ Ltd is looking for new office space overseas. To keep the overhead expense minimal, it chooses leasing rather than purchasing new office. In leasing contract, which of the following costs are most likely to be attributable to the lessee?
- Disposal costs
- Rentals
- Operating costs
- Vendor selection costs
22.
An electricity company charges its customers monthly fee for access and a usage fee for consump-tion of electricity. Which pricing structure is the company using?
23.
When using ABC analysis to classify inventory, which factors must be considered?
- Demand uncertainty of each item
- Cumulative percentage of items
- Cumulative percentage usage value of items
- Overall inventory turnover
24.
XYZ Ltd is a highly profitable leading industrial distributor with over 60,000 products and an enviable record for customer service. After undertaking preliminary discussions it was decided to analyse the value-adding activities that contribute to XYZ's flagship products. The company is conducting which of the following activities?
25.
ANTA Logistics is looking for a place to build a new, integrated cold chain facility, "Chill Hub", to its customers. Which of the following need to be considered when selecting the location of the new facility? Select TWO that apply.
26.
A barcode is a series of vertical bars of varying widths in which each of the digits 0 to 9 are represented by a different pattern of bars that can be read by a laser scanner. Which of the following are disadvantages of using barcodes? Select THREE that apply.
1.It requires optical line of sight (LOS) scanning to be effective
2.It does not allow real-time data to be collected accurately
3.Barcodes do not have read/write capabilities
4. Data entry is a slow operation and prone to errors
5. It is a new and unproven technology
6.It is labour-intensive as it requires individual scanning
27.
Amanda is the purchasing manager for AB Construction based in France. She is considering purchasing an asset from overseas but knows she must account for fluctuations in exchange rates in the contract. Is Amanda correct?
28.
Which of the following best describes the relationship between a service level and safety stock?
29.
25 Buffer stock is a level of stock which...
30.
26 Which of the following materials handling equipment can be used in the warehouse? Select THREE that apply.
