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L4M7 Paper 15.
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1.
A company is considering whether to lease or hire heavy-duty equipment for a 2-year infrastructure project. Which is the more suitable approach?
2.
Which TWO of the following actions help minimise stock obsolescence?
1. Regular demand forecasting
2. Holding more than the EOQ
3. Updating safety stock levels
4. Centralising all distribution hubs
3.
What is a key purpose of using dynamic slotting in warehouse storage?
4.
Which system uses tags that transmit location and product data without line-of-sight scanning?
5.
Why might a company choose insourcing warehouse operations instead of outsourcing?
6.
What is a typical disadvantage of centralised warehousing?
7.
A warehouse is restructured to allow a one-way flow of goods from receipt to dispatch. What layout is being implemented?
8.
Which TWO factors are used to calculate EOQ?
1. Reorder point
2. Holding cost per unit
3. Annual demand
4. Inventory turnover ratio
9.
A logistics firm wants to maintain service levels while reducing warehouse costs. What should it consider?
10.
What is the primary risk of failing to classify redundant stock?
11.
Which technology enhances hands-free order picking?
12.
Which of the following is true of symbolic coding systems?
13.
What is the main advantage of using forward stocking near customer zones?
14.
Which TWO of the following are features of consignment stock?
1. Held by the customer
2. Owned by the supplier until used
3. Automatically restocked
4. Considered obsolete immediately
15.
An engineering firm holds expensive assets that are idle due to outdated interfaces. How should these assets be classified?
16.
What is a key drawback of high levels of safety stock?
17.
What tool supports real-time inventory updates and automated reordering?
18.
Which of the following actions helps reduce the carbon footprint of inventory operations?
19.
What is one benefit of using barcoding over handwritten logs?
20.
Which TWO of the following would be considered when choosing the type of material handling equipment?
1.Width of warehouse aisles
2.Height of racking
3.Supplier payment terms
4.Order approval threshold
21.
Why is it important to calculate whole-life costs of an asset before procurement?
22.
Which system gives supervisors an overview of order accuracy, pick speed, and location usage?
23.
A warehouse operates with high turnover of small, fast-moving items. What layout is most effective?
24.
Which TWO costs are associated with ordering inventory?
1. Staff processing purchase orders
2. Supplier invoice validation
3. Storage facility rental
4. Insurance premium
25.
What is a common reason companies adopt automated storage and retrieval systems (AS/RS)?
