- All Exams Instant Download
Finished goods
Finished goodsA . 1, 3 and 4 B. 1, 2 and 4 C. 2, 3 and 4 D. 2, 3 and 4View AnswerAnswer: A Explanation: The normal breakdown in a manufacturing organisation would be raw materials, components, work in progress and finished goods. Following are the different types of inventory:...
Which pillar of sustainability would include the practice of ASI Ltd?
ASI Ltd is known for its commitment to sustainability. ASI builds railroad ties and pilings using recycled plastic bottles and industrial waste instead of standard materials such as wood, steel, and cement. This practice helps the company save 15% in compare with traditional material purchases. Which pillar of sustainability would...
Which software system would help XYZ management team achieve the above objective?
XYZ Ltd has been adopting MRP system for years. The system helps the company improve efficiency greatly and generates huge cost-savings. However, MRP system is only limited to production process management and XYZ management team would like to have better insights into re-sources required across the organisation as a whole....
In the periodic review system, the order quantity is the same for each order. Is this statement true?
In the periodic review system, the order quantity is the same for each order. Is this statement true?A . No, the next order quantity must be larger than the previous one B. No, the inventory position at each review point differs from each other C. Yes, in periodic review system...
The following are examples of scheduled maintenance except...
The following are examples of scheduled maintenance except...A . Oil changes and regular servicing B. Overhauling of machine C. Repair signage damage from a recent storm D. Cleaning of tankView AnswerAnswer: C Explanation: Scheduled maintenance is any repair and upkeep work performed within a set timeframe. It details when given...
“A measure of the ability of an organisation to supply customers without delay” is the best defini-tion of which of the following:
“A measure of the ability of an organisation to supply customers without delay” is the best defini-tion of which of the following:A . Re-order level B. Service level C. Key performance indicator D. Safety stockView AnswerAnswer: B Explanation: In inventory management, service level is the expected probability of not hitting...
Which of the following need to be considered when selecting the location of the new facility?
ANTA Logistics is looking for a place to build a new, integrated cold chain facility, “Chill Hub”, to its customers. Which of the following need to be considered when selecting the location of the new facility? Select TWO that apply.A . Availability of the building B. Ease of objective forecasting...
Overall inventory turnover
Overall inventory turnoverA . 2 and 4 only B. 1 and 4 only C. 2 and 3 only D. 1 and 3 onlyView AnswerAnswer: C Explanation: ABC analysis is applied to stock and its management. It is based loosely on the Pareto principles, better known as 80/20 rule. Pareto principle...
To test the product durability
To test the product durabilityA . 1 and 2 only B. 3 and 4 only C. 2 and 3 only D. 1 and 4 onlyView AnswerAnswer: C Explanation: It would be really convenient if we could just hand our products directly to the customers, but that’s not possible. Packaging needs...
Which of the following should be considered when an organisation plans for disposing obsolescent and redundant stock? Select TWO that apply.
Which of the following should be considered when an organisation plans for disposing obsolescent and redundant stock? Select TWO that apply.A . Financial costs B. Economic order quantity C. ABC analysis D. Takt time E. Environmental issuesView AnswerAnswer: A, E Explanation: If the planning and mitigation measures fail and redundant...
