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Which of the following allow an organisation to have more flexible space for storage by leveraging the facilities of other parties? Select TWO that apply.

A.

Eliminating dead stock or inventory

B.

Temporary warehousing

C.

Installing double-deep pallet racking

D.

Consignment stocking

E.

Adopting carousel-type storage

In a manufacturing organisation, which of the following explains an 'indirect' stock classification of items?

A.

Where the stock has been acquired from a distributor rather than another manufacturer

B.

Where the stock does not have to be paid for until it has been used by the manufacturer

C.

Where the stock is currently held in a warehouse owned by another organisation

D.

Where the stock is not used as part of manufacturing of the finished product

A manufacturing organization has a large volume of raw material stock now viewed as redundant. Which of the following is the most appropriate process for the organization?

A.

Scrap the stock as environmentally as possible and reorganize the warehouse

B.

Re-package and isolate the stock from the remaining stock to maximize usable space

C.

Ask the original supplier for potential return and credit or sell the stock

D.

Maintain the safety and security of the stock for potential future use

RFID, or Radio Frequency Identification, is fast emerging as a major commercial technology. Like every new technology, it has advantages and disadvantages. An advantage of using RFID is that …

A.

it is easy to implement and requires little investment in information technology

B.

it is better than barcodes as it cannot be easily replicated, and therefore, increases the security on a product

C.

tags only store limited data, whereas a barcode can hold unlimited data

D.

it is cheaper for many applications, compared to other tracking and identification methods

An organisation may incur additional costs in stockout events. Which of the following is an exam-ple of costs of inventory stockouts?

A.

The costs of storage space owned that cannot be used for other profitable purposes when inventories decrease

B.

The lost contribution margin on sales forgone as a result of customer dissatisfaction due to unavailability of goods

C.

The costs of obsolescence and costs of insurance that change with the quantity of in-ventory held

D.

The return forgone by investing capital in inventory rather than elsewhere

With D is the annual demand (units), S is cost per order, H is annual carrying cost per unit; the formula for Economic Order Quantity is....?

A.

√(D*S/2H)

B.

√(2D*S/H)

C.

√(D*S*H)

D.

√(D*S/3H)

Which of the following factors should be considered in the choice of a warehouse location?

    The type of barcoding that is used

    The impact of local authority bylaws and regulations

    The number of forklifts to be used

    The nature of the items to be stored

A.

2 and 3 only

B.

1 and 3 only

C.

2 and 4 only

D.

1 and 2 only

When decommissioning a piece of equipment, there may be an amount of contaminated hazardous waste that will need to be disposed of. Which of the following would need to be considered?

    Whether it would be possible to recycle the waste and reuse it in another production process

    Determining the most cost-effective method to dispose of the waste to minimize cost to the business

    What the type of waste is and if it needs to be disposed of by a specialized organization

    The applicable waste management legislation that applies in the country concerned

A.

1 and 2 only

B.

1 and 3 only

C.

2 and 3 only

D.

3 and 4 only

SpeedyCar GmbH is a vehicle manufacturer that is launching a new electric vehicle onto the market, replacing a previous diesel vehicle. There is a lot of equipment in the manufacturing site to be changed, some new machinery to replace older machinery, and some production equipment to decommission. The costs of decommissioning would include which of the following?

A.

Costs to upgrade electric vehicle charging facilities

B.

Decontamination and cleaning costs for site areas

C.

Sales and marketing costs of the new electric vehicle

D.

Engineering drawing fees for the new electric vehicle designs

Which of the following is a description of a distribution centre?

A.

A building which is rented to tenants, usually on a short-term month-by-month basis

B.

A large building for storing things before they are sold, used, or sent out to shops

C.

A large metal box of a standard design and size used for the transport of goods by road, rail, sea, or air

D.

A building that offers value-added services like product mixing, order fulfilment, cross-docking, and packaging