XYZ Ltd has been adopting MRP system for years. The system helps the company improve effi-ciency greatly and generates huge cost-savings. However, MRP system is only limited to produc-tion process management and XYZ management team would like to have better insights into re-sources required across the organisation as a whole. Which software system would help XYZ management team achieve the above objective?
Do all types of warehouses require access to daylight to reduce the cost of electricity?
Which of the following is often created by each business and commonly used for the purpose of inventory management?
Which of the following are typical characteristics of 2D barcodes? Select TWO that apply.
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
Which of the following best describes the relationship between a service level and safety stock?
Which of the following is the cylindrical container that is suitable for liquids or loose material
XYZ Ltd is a major distributor of electrical equipment protection products in the United States. XYZ found that there was a lack of communication between the company and its key supplier, leading to the supplier trying to predict distributor needs and distributor attempting to estimate lead times. Essentially, both the supplier and the distributor have different sets of information, spending time and money trying to predict what the other will do. To deal with this problem, XYZ Ltd decides to implement new inventory management method in which the supplier manage the replenishment of items for sale. Both parties are obliged to share information on variations in demand and stock levels for goods used for or sale. Which inventory management method is XYZ Ltd implementing?
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
An organisation always obtains negative cash flow regarding removal and disposal of assets. Is this statement true?
Which of the following are main objectives of warehouse operations? Select TWO that apply.
What is the stock turn for a store holding products to the value of £250,000 with annual sales of these products amounting to £1,000,000?