Which of the following are warehouse layouts that allow the cross aisle to meet picking aisle at angles different from 90 degrees?
1. 'Fan' shaped layout
2. Herringbone-shaped layout
3. U-shape layout
4. L-shape layout
What is the different between gross material requirements plan (gross MRP) and a net material requirements plan (net MRP)?
A manufacturer aims at increasing the service levels to 99% from 97% through expanding the safety stock. Safety stock can be used to accommodate which of the following?
1. Variability of stock turn
2. Variability of holding costs
3. Variability of demand
4. Variability of lead time
A brewery sells its beer in aluminum cans. It recycles the cans by using contractors to collect and mold the used cans. This is an example of...?
Which of the following refer to material used for filling the void left in the box but they have poor environmental profile?
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 best describes what happens when order volumes from customers increase and multiply through the supply chain?
Which of the following best describes category 'A' in ABC analysis in inventory management?
Lean principle focuses on eliminating eight types of waste. Waste in Lean manufacturing is defined as...?
XYZ Ltd is looking for new office space overseas. To keep the overhead expense minimal, it chooses leasing rather than purchasing new office. In leasing contract, which of the following costs are most likely to be attributable to the lessee?
1. Disposal costs
2. Rentals
3. Operating costs
4. Vendor selection costs
"Open stock plus purchases minus closing stock" is the formula of which of the following?
Among different types of costs associated with inventory, the opportunity cost of the investment tied up in inventory belongs to which of the following?
Among different types of costs associated with inventory, the costs of obtaining purchase approvals are...?
The ABC approach involves classifying inventory items by unit cost, with expensive items classi-fied as ‘A' items and low cost items classified as ‘C' items. Is this statement true?
Decommissioning, removal and disposal of assets may have impact on the environment. An organisation should have policies and procedures in place to enhance its environmental performance. Which standard family provides the guidance on environmental policies and procedures?