warehouse management 1

What type of warehouse belongs to the classification of property forms?

• Manufacturer's warehouse

• Forwarder's warehouse

• Long-term storage

• Leased warehouse

What is the main disadvantage of the 'periodic inventory system'?

• It provides real-time inventory data

• It may lead to discrepancies due to less frequent updating of stock records

• It requires high technology and automation

• It reduces the labor cost significantly

Items should be warehoused if...?

• Its volume is very large

• There is an offsetting benefit gained storing them

• Its weight is very large

• The warehouse is spacious

What is the primary role of logistics in business activities?

• To increase the number of employees

• To optimize the location, storage, and circulation of flows

• To expand the company globally

• To increase inventory levels

What does FIFO in warehouse management stand for?

• First In, First Out

• Final Input, Final Output

• First In, Final Out

• Final In, First Out

Which measure helps identify the accuracy of inventory records against physical stock?

• Percentage of locations with correct stock

• Number of employee vacations

• Total warehouse square footage

• Color coding of stock items

What is meant by 'stock-turn' in warehouse performance metrics?

• The number of employees turning over annually

• The rate at which inventory is sold and replaced over a period

• The physical turning of goods in storage for visibility

• The rotation of managers within the company

What does the measure 'number of cases picked per person per hour' assess?

• Operational efficiency

• Financial efficiency

• Service level agreement compliance

• Personal efficiency of each worker

What does the metric 'percentage of orders dispatched on time' measure in warehouse performance?

• Cost efficiency

• Operational efficiency

• Service levels

• Stock integrity

How does measuring 'equipment uptime' contribute to understanding warehouse operations?

• Indicates aesthetic value of equipment

• Measures percentage hours equipment is available without breakdowns

• Tracks the personal usage of equipment by employees

• Calculates the energy efficiency of light bulbs