Stock Analysis and classifying products

In ABC system, the higher the value of the inventory

• The more relax the control
• The tighter the control
• The looser the control
• The lower the control

A small percentage of … items account for most of the inventory value

• A items
• B items
• C items
• None of the above

What is the best description for C items?

• Expensive inventory
• Moderate inventory
• Low cost inventory
• None of the above

What is true with Pareto (80/20) analysis?

• Shows the relationship between the percentage of items and the percentage of annual value usage
• Shows the relationship between the percentage of purchasing and the percentage of annual value usage
• Shows the relationship between the control of inventory and the productivity of the warehouse
• Shows the relationship between the price of the items and the annual value usage

What is true about Pareto's finding?

• 20% of the inventory => 80% of the purchasing
• 80% of the stock items => 20% of the suppliers
• 20% of the value of the stock => 80% of the warehouse productivity
• 80% of the value of stock => 20% of the stock items

Missions of the warehouse:

• Increasing productivity
• Improving order picking operation
• Ultilizing cross-docking
• All of the above

Serveral warehousing opportunities to achieve above missions: Order picking, cross-docking, productivity, space utilization, and value-added services

• True
• False

How many steps are there in ABC system?

• 2
• 3
• 4
• 5

Which practice can help mitigate the Bullwhip Effect in supply chain management?

• Increasing lead time variability.
• Implementing order batching strategies
• Encouraging information sharing among supply chain partners.
• Relying solely on historical demand data.

Which of the following best describes a characteristic of a push system in supply chain management?

• Production initiated in response to actual customer orders.
• Inventory levels controlled based on real-time demand signals.
• Products moved through the supply chain based on forecasts and anticipated demand.
• Emphasis on minimizing lead times and maximizing production flexibility.