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1.
Which of the following are holding costs of inventory in a warehouse?
- Costs related to the value of the inventory held
- Losses due to product deterioration
- Preliminary costs associated with purchase orders
- Loss of supplier discounts due to reduction in reorder quantities
2.
Which ONE of the following correctly differentiates between obsolescent and redundant stock?
3.
Which of the following pieces of information can be supplied by a product code? Select THREE that apply.
4.
A warehouse manager is evaluating the use of Automated Guided Vehicles (AGVs) within a repetitive task environment. After reviewing their use and price, the manager decided to invest in several AGVs. Were they correct in doing this?
5.
Staff at DIV Products Inc (DPI) have been experiencing issues with the identification of stock items. The current labelling system is out-dated and unreliable. DPI has therefore invested in a machine-readable approach. Each item has a unique number that is attached visibly to the packaging. This number can be deciphered by a scanner to aid identification. This approach is known as which of the following?
6.
Which of the following actions would result in faster overall item picking times in a warehouse?
7.
ZTY Ltd is looking for a new location for their spare parts warehouse. The choice of geographical location for the warehouse must be able to provide next day delivery to its customers. Which of the following criteria would be important to ZTY Ltd?
8.
In addition to order quantity and total annual usage, which of the following must be known before the economic order quantity can be calculated?
- Sales value of the order
- Acquisition cost per order
- Preliminary cost per order
- Holding cost per order
9.
In order to cover for higher than normal demand and to ensure that stock does not run out, a company may hold buffer stock known as ...
10.
The inventory manager has adopted significant coding of the stock owing to its many benefits, including standardisation and variety reduction. Is this the right approach to adapt?
11.
A measure of the ability of an organisation to supply customers without delay” is the best definition of which of the following?
12.
Which of the following is NOT an improvement available in ERP II compared to ERP?
13.
Which of the following is a forecasting technique?
14.
Which type of codes can a barcode laser scanner (linear scanner) read?
15.
Which of the following is the Japanese word for “billboard” or “signboard”?
16.
Which of the following is the material handling equipment which uses suction to lift an item?
17.
Which best describes the relationship between service level and safety stock?
18.
What best defines "exponential moving average"?
19.
The opportunity cost of investment tied up in inventory is part of which cost?
20.
Can RFID tags work when they are attached to metal surfaces or embedded within metal products?
21.
Which of the following is the character that allows the computer to verify whether a product code is entered correctly?
22.
In ABC analysis, category C is also known as...?
23.
Which of the following are typical characteristics of 2D barcodes? (Select TWO)
24.
An electricity company charges its customers a monthly fee for access and a usage fee for consumption. What pricing structure is this?
25.
Which of the following statements about RFID is NOT true?
