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Which of the following best describes the relationship between a service level and safety stock?
Which of the following best describes the relationship between a service level and safety stock? A. A safety stock is not always required to achieve a required service level B. A service level decreases in proportion to a decrease in safety stock C. When safety stock is zero the service...
Bulk loose coal that requires massive handling system should be stored in which area?
Bulk loose coal that requires massive handling system should be stored in which area?A . Chill hubB . StockyardC . Heating warehouseD . StoreView AnswerAnswer: B Explanation: Materials that will not easily deteriorate, are generally stored in open or fairly covered areas (stockyard). The materials are usually in bulk, like...
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....
Which of the following is an important part of these systems?
To improve the security of a warehouse, alarm systems are commonly used. Which of the following is an important part of these systems?A . SensorsB . FencingC . CCTVD . LightingView AnswerAnswer: A Explanation: The most basic alarm consists of one or more sensors to detect intruders, and an alerting...
The following are examples of scheduled maintenance except...
The following are examples of scheduled maintenance except...A . Oil changes and regular servicingB . Overhauling of machineC . Repair signage damage from a recent stormD . Cleaning of tankView AnswerAnswer: C Explanation: Scheduled maintenance is any repair and upkeep work performed within a set timeframe. It details when given...
To test the product durability
To test the product durabilityA . 1 and 2 onlyB . 3 and 4 onlyC . 2 and 3 onlyD . 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 is the Japanese word for ‘billboard’ or ‘signboard’?
Which of the following is the Japanese word for ‘billboard’ or ‘signboard’?A . MudaB . KaizenC . Poka-YokeD . KanbanView AnswerAnswer: D Explanation: Kanban ( 看板 ) (signboard or billboard in Japanese) is a scheduling system for lean manufacturing and just-in-time manufacturing (JIT). Poka-yoke ( ポカヨケ , [poka yoke]) is...
Do all types of warehouses require access to daylight to reduce the cost of electricity?
Do all types of warehouses require access to daylight to reduce the cost of electricity?A . No, because only ventilation can help to reduce the humidity in the warehouseB . No, because some types of stock are sensitive to sunlightC . Yes, because sunlight sterilises inventories in damp conditionsD ....
Overall inventory turnover
Overall inventory turnoverA . 2 and 4 onlyB . 1 and 4 onlyC . 2 and 3 onlyD . 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...
What is the holding cost of this beer pallet?
A supermarket calculates that the average holding cost for an item is $1.50 per cubic meter per day. A beer pallet which has volume of 0.5 cubic meter will be stored for 5 days. What is the holding cost of this beer pallet?A . $4.00B . $4.50C . $4.25D ....
