The movement and storage of goods from suppliers to manufacturing is known as:
A. Physical supply
B. Distribution
C. Goods Flow
D. Trading
The movement and storage of finished goods from end of production to the customer is called:
A. Physical supply
B. Physical distribution
C. Physical associate
D. Physical channel
Inventory must be sorted and the same parts collected together so they can easily be counted, this is called:
A. Housekeeping
B. Recordkeeping
C. Bookkeeping
D. Recording
A difference between the physical count and inventory dollars for the inventory records is called:
A. Accuracy
B. Resolution
C. Reconciliation
D. Provocation
Which of the three factors are involved in good preparation of the physical inventory?
A. Tolerance, identification and training
B. Housekeeping, Inventory and production
C. Housekeeping, identification and training
D. Workforce, Physical control and security
To satisfy the financial auditors that the inventory records represent the value of the inventory, this is the purpose of:
A. Evolutionary inventory
B. Functional inventory
C. Physical inventory
D. Periodic inventory
The amount or permissible variation between an inventory record and a physical count is called:
A. Charity
B. Tolerance
C. Variable Charity
D. Common Fluctuation
The order picker circulates throughout the warehouse selecting the items on the order through:
A. Area system
B. Pick and choose system
C. Managing system
D. Zone system
Stock, from which withdrawals are made, can be located close to the marshalling and shipping area is referred to as:
A. Active stock
B. Marshalling stock
C. Working stock
D. Withdrawal stock
Which is the basic system used for locating stock?
A. Group functionally related items together
B. Group fast-moving items
C. Group physically similar items together
D. All of the above
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