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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...
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....?
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)View AnswerAnswer: B Explanation: LO 2, AC 2.3
An organisation always obtains negative cash flow regarding removal and disposal of assets. Is this statement true?
An organisation always obtains negative cash flow regarding removal and disposal of assets. Is this statement true?A . No, the organisation may recover the value of the assets by reselling it B. Yes, the organisation incurs high maintenance cost during the disposal processes C. Yes, some assets require enormous decommissioning...
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.
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 storageView AnswerAnswer: B, D Explanation:...
Which of the following costs does the EOQ minimise?
Which of the following costs does the EOQ minimise?A . Total cost of safety stock B. Total cost of ordering inventory C. Total cost of annual inventory cost D. Total cost of carrying stockView AnswerAnswer: C Explanation: Economic order quantity (EOQ) was developed in 1913 by Ford W. Harris and...
