SIM. The key warehousing assets includes the following except ……….

SIM. The easiest arrangement of warehouse to imagine where all activities are controlled by human muscular power is referred to as ……….

SIM.  The path for movement within the warehouse is called ……………….

SIM. A warehouse location system where cube utilization is not being practice is known as……….

SIM. An item is a ………….. product kept in the stock

What is the value of safety stock using First in first out (FIFO) principle at the end of June?

SIM. Categories of stocks that are used without seeing the stock in the final product is called………..

SIM. All of the models are objective forecasting techniques except?

SIM.   ……………… is the computation and mathematical adjustment on how organization scheduled and finalized operational activities

SIM. What are the reasons individual and/or organization keep inventory?

SIM. Just in time inventory is referred to a situation where the ……........ and ………. at …………. lead time

SIM.  The concept of limited liability in relation to a company means:

SIM. The assignment of stock in a permanent location, where no other items are placed there is called……….

SIM. Operational planning that imbibed simple schedule rules with order of arrival is called ……….

SIM. A production category system where products are made to satisfy a specific order and always in a small lot size and custom in nature is called……………….

SIM. The order point in a KPI flow chart is the summation of safety stock and …………….

SIM. Categories of stocks that are base on timing of use are called………………..

SIM. All these are method of evaluating safety stock except ……….

SIM. Who are organization internal customers………………..

SIM. What is the most essential factors that influence effective use of a warehouse?

LM. USE THIS EQUATION  TO ANSWER THE NEXT FIVE QUESTIONS

The production of Peak Milk for the past 15 years between year 2000 and 2014, was reflected with the multiple regression model, Y = 3.12 + 0.75X₁ + 0.52X₂ + 0.84X_3. Hence, use the above information to answer question 8 to 12.

The production of milk in year 2030 when X₁ = 215, X₂ = 308 and X₃ = 178

SIM. When can we have a perfect Just in time principle of inventory ………………..

SIM. A correlation coefficient can vary between?

SIM. Enterprise Resource Planning promises one database, one application and ……….

SIM. All these prompt the use of ERP except ……………….

SIM. A unit of a stock is the …………………..  size or quantity of an item.

SIM. Operational planning that encouraged and assigned priority and emergence to job is called ……….

SIM. The key facilities in a typical warehouse are as follow ……...

SIM. All are types of partnership except…….. ….

SIM. A correlation coefficient of 0.98 implies a ………………….

What is the ordering cost per unit per month of materials used in production of Sandal?

SIM. Long time forecasting is the one that span through several…………

The unit cost of producing LAIDE sandal includes the following cost, N200 for holding the raw materials in the warehouse and N60, N20, and 80N for loading, telephoning, invoicing respectively. If the unit in the warehouse is 2,500 and also at a point in time there is a stock of 600 sandal at the rate of N3400. Use this information to answer the question below and the next three.

What is the ordering cost of the materials used in production?

SIM. The aim of the warehousing is to provide necessary storage at a key point in supply chain, giving secure storage of needed materials, keeping them in good condition with little damage or loss with ………………………………. and ………………………………

During our first job on graduate trainee scheme, Olamide Mariam was given the following records of transactions for items and asked for her view of value of safety stock. Base on the information on the above table, use this to answer this question and the next four.

What is the value of closing stock at the end of June?

SIM. Companies undertake Enterprise Resources Planning (ERP) for the following reason(s)……….

SIM. Characteristics of Manpower as a key asset in warehouse are …………..

SIM. Categories of stocks that are base on usage are called………………..

SIM.  A well structured Materials Requirement Planning sourced information from how many sources.

SIM. N Harris (1915) and Naddar (1966) come up with concepts of inventory problem solving by resulting into three simple costs which includes?

SIM. The most important and critical key asset in warehousing is .……….

SIM. A Bought-Out-Part inventory is that goes directly into

SIM.   What is the observable or number of cases in the statement?

SIM. The most crucial and critical information used in Materials Requirement Planning is ……….

SIM.  What are the major component of logistics.

SIM. Outbound logistics offered the following activities excluding ….……….

SIM. How many independent variable(s) do we have in the above statement?

SIM. The subjective method of forecasting that relied on historical books like Bible and Quran is called ………………….

SIM. Key Performance Indicator in warehousing practice includes the following except……...

SIM. Types of members of partnership include the following except ...............