7.​Which one of the following is NOT a cost Anniqueshould consider to reduce warehousing costs? a​Warehouse staff b​Warehouse insurance c​Warehouse levies d​Warehouse obsolescence   8. Which of the following are disadvantages of Anniquehaving too much inventory? i. Bigger insurance premiums ii. More warehouse staff iii. Higher unit prices iv. Higher production costs v. Depreciation losses a. i ii iii iv v b. i ii v c. iii iv v d. i ii iii v   9.​Annique decided that they need a new inventory-control system, preferably computer-assisted, to maintain their inventory at a minimum level. What inventory-control system would Annique make use of? 1​The cyclical-ordering system. 2​The system of fixed-order quantities. 3​The just-in-time system. 4​The materials-requirements planning system.

Practical Management Science
6th Edition
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Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Annique is a leading consumer products company dealing in cosmetics and other personal care products. Annique aims to reduce the high inventory levels across their forward supply chain and reduce high warehousing costs within the next financial year.

 

 

7.​Which one of the following is NOT a cost Anniqueshould consider to reduce warehousing costs?

a​Warehouse staff

b​Warehouse insurance

c​Warehouse levies

d​Warehouse obsolescence

 

8. Which of the following are disadvantages of Anniquehaving too much inventory?
i. Bigger insurance premiums
ii. More warehouse staff
iii. Higher unit prices
iv. Higher production costs
v. Depreciation losses
a. i ii iii iv v
b. i ii v
c. iii iv v
d. i ii iii v

 

9.​Annique decided that they need a new inventory-control system, preferably computer-assisted, to maintain their inventory at a minimum level. What inventory-control system would Annique make use of?

1​The cyclical-ordering system.

2​The system of fixed-order quantities.

3​The just-in-time system.

4​The materials-requirements planning system.

 

10.​The purchasing and supply manager at Anniqueproposed that inventory be bought at exact quantities required at a certain time. What criteria should be met first before they will be able to do so?

i​There were no supply problems in the supplier market.

ii​The marketing function was 100% certain about how many products are going to be sold.

iii​The operations function was 100% certain of the quantity of materials required to be used in the manufacturing process.

iv​The incoming materials completely satisfied quality requirements.

a​i ii iii

b​i iv

c​ii iii iv

d​i ii iii iv

 

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