Whole Life Asset Management Recap Week 4

The purpose of forecasting is to...

• anticipate when the coffee machine will need maintenance

• understand the optimal times for scheduling team-building activities

• predict the consumption patterns of our employees' use of tools

• assist in predicting future outcomes based on past events and management insight

Forecasting can be...Choose TWO that apply

• Subjective

• Projective

• Objective

• Reflective

Which of the following is the minimum aisle width for using counterbalanced forklifts

• 4.9ft - 5.2ft

• 5.6ft - 5.9ft

• 6.9ft - 7.2ft

• 10.5ft - 13.1 ft

A company has obsolete inventories and it must write off these inventories. How does writing off inventories impact on the company's financial statements...Choose TWO that apply

• Stock increases

• Stock decreases

• Profit increases

• Profit decreases

Which component of an RFID device is responsible for sending and receiving radio waves

• Antenna

• Network database

• Laser beam

• Integrated circuit

Which of the following is the most suitable container for fasteners, screws, buts, bolts etc....

• Bar rack

• Pallet

• Tote box

• Stock cage

Which among the following are the tools for reducing acquisition costs...Choose TWO that apply

• Procurement card

• Automated Storage and Retrieval System

• Porters Value Chain

• P2P System

Which of the following best describes the relationship between a service level and safety stock

• Safety Stock is not always required to achieve a required level of service

• A service level decreases in proportion to a decrease in safety stock

• When safety stock is zero the service level always equals zero

• A service level increases in proportion to an increase in safety stock

Which of the following is the Japanese word for billboard or signboard

• Muda

• Kaizen

• Kanban

• Poka Yoke

Which of the following is a forecast technique

• LIFO

• Moving Average

• Time weighted series

• ABC analysis