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1.
A company is reviewing its asset management strategy and wants to reduce storage and carrying costs. Which tactic supports this goal?
2.
Which TWO of the following are key components of whole-life asset costing?
1. Acquisition cost 2. Operational and maintenance cost 3. Interest on unpaid invoices 4. Asset disposal cost
3.
What does a WMS (Warehouse Management System) typically control?
4.
Which of the following would most likely be found in dead stock?
5.
A firm wishes to reduce the risk of environmental fines when disposing of warehouse equipment. What should it do?
6.
Which TWO technologies can reduce manual input errors in inventory systems?
1. RFID 2. Voice picking 3. Paper tracking forms 4. Pen and clipboard auditing
7.
What is the primary goal of using economic order quantity (EOQ)?
8.
Which TWO factors can influence the layout design of a warehouse?
1.Inventory turnover rate 2.Building insurance provider 3.Type of material handling equipment 4.Number of customer orders processed daily
9.
Which of the following terms describes the planned process of retiring assets from service?
10.
When might a company increase its safety stock levels?
11.
Why is cycle counting considered better than annual stocktakes in some organisations?
12.
Which TWO of the following are examples of revenue expenditure?
1. Monthly maintenance contracts 2. One-off investment in automation 3.Weekly contract cleaners 4.Construction of a new warehouse
13.
A procurement manager decides to lease rather than purchase large-scale warehousing equipment. What is a likely benefit?
14.
Which TWO of the following would most reduce carbon emissions in inventory operations?
1. Optimising pick-path distances 2. Using gas-powered forklifts 3. Implementing LED lighting 4.Over-ordering to reduce transport
15.
Which principle supports the use of forward stocking locations near major customers?
16.
What is the function of delphi forecasting in inventory planning?
17.
Which cost type does inventory shrinkage usually fall under?
18.
Which TWO are typical indicators of poor inventory control?
1. Unbalanced stock levels across warehouses 2. Frequent reorder point adjustments 3. High percentage of obsolete items 4. Steady rise in forecast accuracy
19.
What type of inventory is created when items are waiting for the next production stage?
20.
Which TWO of the following are drawbacks of overstocking?
1. Increased chance of expiry 2. Reduced lead time 3. Increased space requirements 4. Reduced capital liquidity
21.
In what way does automation most benefit high-throughput warehouses?
22.
Which of the following statements best describes redundant stock?
23.
A procurement team is implementing EOQ to manage raw materials. Which two factors are essential for its calculation?
1. Annual demand 2.Lead time 3.Order cost 4. Number of staff
24.
Which layout is best suited for high-volume, fast-moving goods where items flow from one side to another?
25.
What is a non-financial benefit of good inventory control?
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It seems most questions here are from negotiation module and not wholelife asset management
Thank you for bringing this to our attention! We apologize for the oversight. We’ll review and make corrections as soon as possible. Your feedback helps us improve, so we appreciate you taking the time to point this out!
Hey very interesting blog!
This is negotiation
Thank you for your insightful comment! We understand your perspective, and we’ll certainly look into it to ensure that everything is accurate and aligned with our goal of helping students prepare effectively. If there’s an error, we’ll correct it as soon as possible. Your feedback is invaluable in helping us grow and improve, and we truly appreciate it!
I would like more practice questions