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1.
Which type of cost is associated with insurance premiums for stored stock?
2.
A company has implemented a stock tracking system where each item is assigned a unique number that reflects category, size, and location. Which coding system are they using?
3.
What is a core advantage of using RFID over barcode systems?
4.
Which TWO of the following are associated with stock redundancy?
1. Sudden drop in customer demand
2. Effective EOQ calculation
3. Multiple stock reorders in a short period
4. Repositioning of product branding
5.
What is a likely outcome of poor warehouse layout design?
6.
The finance director of a firm wants to reduce fixed overheads. Which of the following asset strategies would support this goal?
7.
In warehouse automation, what role does a Warehouse Management System (WMS) play?
8.
Why is FIFO a preferred stock rotation method for perishable goods?
9.
What type of asset is still functional but no longer required due to process changes?
10.
What is the purpose of conducting a whole-life cost analysis for capital equipment?
11.
Which TWO of the following support an effective decommissioning plan?
1. Planning for recycling or resale
2.Ignoring sunk costs
3.Conducting asset lifespan reviews
4. Minimising stakeholder involvement
12.
A facility switches from a periodic review system to a continuous review system. What benefit does this offer?
13.
Which of the following is a limitation of the EOQ model?
14.
A supply chain analyst is implementing ABC classification. What is the main basis of this model?
15.
Which type of warehouse layout enables sequential processing from goods-in to goods-out without reversing flow?
16.
What is a common downside of overstocking?
17.
Which TWO of the following are objectives of warehouse safety systems?
1. Prevent staff injury
2. Increase holding costs
3. Minimise equipment damage
4. Slow down throughput
18.
What type of cost is incurred when goods become unsaleable due to expiry or damage?
19.
What is the purpose of cycle counting in inventory management?
20.
Which TWO of the following are characteristics of JIT inventory systems?
1. High reliance on supplier performance
2.Large safety stock held at central warehouse
3. Minimal inventory on hand
4. Extended stock review periods
21.
Which tool can help prevent over-ordering by using historical usage data?
22.
Which scenario best illustrates asset obsolescence?
23.
Which TWO technologies improve real-time stock visibility?
1. RFID
2. Barcodes
3. Voice pick sheets
4. Manual paper logs
24.
A manager chooses to centralise warehousing to reduce costs. What is a potential risk of this approach?
25.
Which of the following is an example of a revenue expense in warehouse operations?
