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?
Nuclear Energy Group Limited (NEG) has a number of investment options currently under appraisal. As these are all long-term investments (more than 30 years), NEG is adopting a total cost of ownership approach. It has gathered data on all associated costs over the life of the investment. Which of the following will be regarded as end-of-life costs?
The amount of inventory available at the start of an accounting period is known as...?
XYZ Ltd is a highly profitable leading industrial distributor with over 60,000 products and an enviable record for customer service. After undertaking preliminary discussions it was decided to analyse the value-adding activities that contribute to XYZ's flagship products. The company is conducting which of the following activities?
Practice of unloading goods from inbound delivery vehicles and loading them directly onto out-bound vehicles is known as ...?
XYZ Inc opens a tender to purchase new forklift trucks for their new established warehouse. In the final round, there are two suppliers remain who offer two different bids. Supplier A's bid has high initial investment. After calculating the net present value, the NPV in year five is positive. On the other hand, supplier B's bid has low purchase price, with the NPV in year five is negative. If the NPV is the sole selection criterion, XYZ Inc should select the bid which has...?
A logistics company has a 2-story warehouse in the suburban area. The goods receiving area and dispatch area are located on the ground floor only. There is a lift connecting the two floors. The daily operations of the warehouse are quite busy. Which of the following would the best arrangement for this warehouse?
Long-term forecasting of demand using a subjective method is based on a...
"Open stock plus purchases minus closing stock" is the formula of which of the following?
Which of the following are main objectives of warehouse operations? Select TWO that apply.
Which of the following is NOT an improvement available in ERP II in compare with ERP?
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....?
To make loading/unloading more effective and efficient, which feature should be included in vehi-cle dock design?
Which of the following is often created by each business and commonly used for the purpose of inventory management?
Which among the following are the tools for reducing acquisition costs in purchasing?
1. Procurement card
2. Automated Storage & Retrieval System
3. Porter's value chain
4. P2P system
Which of the following lists all components, ingredients, and materials required to produce the final product?
U-shape flow layout can utilise handling equipment if the high demands items locate adjacent to shipping docks. Is this statement true?
Can RFID tags work when they are attached to metal surfaces or embedded within metal products?
Extra units that are held in inventory to reduce the risks of stock-out are called...?
A local hospital has a highly complex piece of medical equipment delivering proton beam therapy that only one supplier in the world manufactures. Owing to the specialist nature of the equipment, the patient waiting list is extremely long. It is therefore essential that the equipment failure downtime is kept to an absolute minimum, as it would have a negative impact on patient treatment delays. Due to the complex nature and essential need of the equipment to be in continual use, which of the followingpackages will offer the most protection in ensuring reliability and reduced downtime arising from equipment failures throughout its lifetime?
XYZ Ltd organises a meeting in order to decide on the safety stock level of a strategic material which is used in XYZ latest product - DMD. To do this, they must forecast the future demand for this new product. In the meeting, external consultants are invited to join with cross-functional team. Each person of the group anonymously replies to questionnaires and subsequently receives feedback in the form of a statistical representation of the "group response," after which the process repeats itself. The goal is to reduce the range of responses and arrive at something closer to expert consensus. XYZ Ltd is using which forecasting method?
Among different types of costs associated with inventory, the costs of obtaining purchase approvals are...?
A manager who is concerned about the environmental impact of packaging should do which of the following?
Which of the following are critical factors that must be considered when evaluating warehouse or storage locations?
The cost of the proposed location
Who owns the storage location or warehouse
Access to transport networks
The number of windows in the building
In the Appendix A of a long-term supply contract of Bulk Drug Substance, both parties agree that "The reference price for Bulk Product at the specification, per gram, shall be US$10. The unit price for Bulk Product for a specific Purchase Order shall be computed by multiplying the above- specified reference price by two corrective factors, namely inflation correction factor and exchange rate correction factor". This pricing appendix is an example of...?
Which of the following costs can be classified as 'acquisition costs'?
Invitation to tender and order processing costs
Invoice processing and supplier selection costs
Goods inspection and total ownership cost
Total input costs and invoice processing cost
The minimal total cost is always achieved when there is only one warehouse. Is this statement true?
Which of the following purchases are most likely to have low acquisition costs? Select TWO that apply.
In inventory management, the cost of insurance and taxes are included in which group?
Toll Group has thousands of end-of-life IT assets that need to be disposed of. The senior manage-ment of Toll Group is largely concerned about sustainability in waste management, especially electronicwaste. Before selecting a supplier to manage the process, the procurement team is required to assess the environmental risks regarding disposal of the assets. Risk assessment is basically based on the measurement of which factors?
1. Impact
2. Reward
3. Surveillance
4. Likelihood
Holding inventory is key to ensure that an organisation can maintain production and meet customer demands. Which of the following are classes of inventory? SelectTHREEthat apply.
Staff at DIY Products Inc (DPI) have been experiencing issues with the identification of stock items. The current labelling system is outdated and unreliable. DPI has therefore invested in a machine-readable approach. Each item has a unique number that is attached visibly to the packaging. This number can be deciphered by a scanner to aid identification. This approach is known as which of the following?
The Four Counties hospital in Norway is experiencing financial pressures. The procurement team is looking for the best approach to procure patient equipment that is critical and is often required at very short notice. Which of the following techniques would allow the hospital to access the stock at short notice, but without paying for it until it is used?
Which of the following is the material handling equipment which uses the suction force to lift an item?
Warehouse automation involves the use of technology to perform as many warehousing tasks as possible. There are several benefits that can be gained by using automation in a warehouse. They are...
The size of order that minimises the total cost of acquiring and holding stock is known as...
Which of the following factors should be considered when decommissioning and disposing of a machine at the end of its useful life? SelectTWOthat apply.
Lean principle focuses on eliminating eight types of waste. Waste in Lean manufacturing is defined as...?
Which of the following are recognised hidden costs associated with global sourcing?
Quality control and nonconformance costs
Increased lead times and inventory carrying costs
Lower labour and wage costs
Cost of tariffs and duties in supply chains
Which of the following is the correct statement about total ordering cost?
When purchasing a capital asset, an organisation should analyse the costs and benefits that the asset may bring. Which of the following factors are considered in cost-benefit analysis? Select TWO that apply.
When deciding on the storage facilities and locations, an organisation needs to assess the current situation comprehensively and forecast the future demands. Quantitative analysis is the best method for these activities. Is this statement true?