WorksheetsLogistics Mission 10
Total questions: 20
Worksheet time: 10mins
Name
Class
Date
1.
A company's merchandise, raw materials and products that haven't been sold yet.
a)
Inventory
b)
Assets
c)
Stockpile
d)
Products
2.
Having the right material at the right time at the right place and in the exact amount
a)
Kaizan
b)
TQM
c)
Lean Manufacturing
d)
Just In Time (JIT)
3.
The amount of time between when the customer orders the product and when it is delivered.
a)
Risk
b)
Production Time
c)
Lead Time
d)
Wait time
4.
This is predicting how much materials or product to produce based on current trends in the market.
a)
Procurement
b)
Forcasting
c)
Inventory management system
d)
Scheduling
5.
Arranging jobs in priority and assigning machines and people to them
a)
Forcasting
b)
Procurment
c)
Scheduling
d)
Arraining
6.
They select and create contracts with suppliers. They make sure all supplies are available when needed.
a)
Forcasting
b)
Procurement
c)
Scheduling
d)
Warehouse Management System WMS
7.
A type of software that helps companies calculate more accurate inventory levels.
a)
Word Processing
b)
Spreadsheet
c)
Warehouse Management System - WMS
d)
Inventory Specalist
8.
Which of these does NOT affect lead time?
a)
Amount of supplier has on hand
b)
Seasonal Demand
c)
Customer Demand
d)
Packaging
9.
This is a system in which a supplier sends items to a customer based on their agreement.
a)
Push
b)
Pull
c)
Push/Pull Hybrid
d)
Send off
10.
Customers order inventory from the supplier as needed. This makes for a longer lead time, however.
a)
Push
b)
Pull
c)
Push/Pull Hybrid
d)
Custom
11.
In this system, a company may inventory several components, but not assemble the product until a customer orders one.
a)
Push
b)
Pull
c)
Push/Pull Hybrid
d)
Rotating
12.
Physical control and security includes making a three-point check, comparing the packing slip to the bill of lading and....
a)
what you orderded
b)
last month's shipment
13.
This is the most common method of rotating stock
a)
FIFO - First in, First Out
b)
LIFO - Last in, First Out
c)
FEFO - First Expiry, FIrst Out
14.
This method would bring the items that are about to expire to the front so they can be sold first.
a)
FIFO - First in, First Out
b)
LIFO - Last in, First Out
c)
FEFO - First Expiry, FIrst Out
15.
During this count, all inventory is counted to verify the accuracy and value of the inventory for the annual financial statement
a)
Period Inventory Count
b)
Cycle Inventory Count
c)
Annual Count
d)
Financial Count
16.
During this count, groups of inventory is counted continually throughout the year until all inventory is counted over a year.
a)
Period Inventory Count
b)
Cycle Inventory Count
c)
Annual Count
d)
Financial Count
17.
Your distribution center has too much inventory. Which is NOT a problem with having too much inventory?
a)
Products can go out of style or become obsolete while sitting on shelves
b)
Company money ,or capital, in inventory is sitting on shelves
c)
Customer orders aren’t filled
18.
You go to Kohl's and buy shoes off the shelf. What type of inventory system is the store using?
a)
Push
b)
Pull
c)
Hybrid
d)
none of the above
19.
Your local Grocery store probably uses which method of stock rotation for their medicines?
a)
FEFO (First Expiry First Out)
b)
FIFO (First In First Out)
c)
JIT (Just in Time)
d)
LIFO (Last in First Out)
20.
To keep up with fashion, a clothing store probably uses which type of stock rotation method?
a)
FEFO (First Expiry First Out)
b)
FIFO (First In First Out)
c)
FEFO (First Expiry First Out)FIFO (First In First Out)JIT (Just in Time)
d)
LIFO (Last in First Out)
100 %
