The primary purpose of a warehouse layout should be to:
A. reduce warehouse floor area.
B. facilitate product flow.
C. increase storage area.
D. maximize personnel productivity.
Which of the following statements describes how having a centralized return center enables the reduction of time needed to determine the disposition of returned products?
A. Enabling small delivery of return items on a just in time (JIT) basis at the right location
B. Enabling efficiency of the personnel in making quick decisions through specialization
C. Reducing the transportation times by allowing for returns to only one location
D. Reducing the wait time by having a detailed information system to make decisions faster
Which of the following forecasting methods attempts to identify patterns of repeating demand over a period of time?
A. Trend
B. Seasonality
C. Exponential smoothing
D. Delphi
Which of the following cost elements are parts of the calculation of inventory carrying costs?
A. Utilities, material handling equipment, and plant maintenance
B. Material handling equipment, plant maintenance, and insurance
C. Utilities, security, and the cost associated with company owned warehouses
D. Material handling equipment, production costs, and insurance
The first step a company would typically take when designing and implementing a cycle count program is to:
A. segment all available inventory by velocity, value, or other criteria.
B. stop operations in order to conduct a physical inventory.
C. reconcile discrepancies within the warehouse management system (WMS).
D. hire an outside company to conduct the cycle count program.
If a firm desires to upgrade its current logistics performance measurement system to incorporate comprehensive financial and non-financial metrics, they should implement:
A. an activity-based costing (ABC) system.
B. an advanced planning system (APS).
C. a balanced scorecard.
D. the Supply Chain Operation Reference (SCOR) model.
A product that has seasonal demand is most likely to have which of the following types of inventory?
A. Transportation
B. Lot size
C. Anticipation
D. Fluctuation
Which of the following concepts best describes the reason rapid e-commerce growth is changing the warehouse landscape?
A. The limitation of qualified material handlers
B. Proliferation of stock keeping units (SKU)
C. Rapid progress in technology offerings
D. Increasing demand for warehouse space
Location X has monthly fixed costs of $100,000 and per-unit variable costs of $10. Location Y has monthly fixed costs of $150,000 and per-unit variable costs of $9. At what volume would these locations have equal total costs?
A. 13,157
B. 19,000
C. 50,000
D. 250,000
Which of the following statements best describes why a firm would consider using a third-party logistics (3PL) provider to improve asset productivity?
A. 3PLs have better control of supply chain functions.
B. 3PLs are experts on issues related to security of shipments.
C. 3PLs can bolster firms
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