Membership Exams

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STORES AND MATERIALS MANAGEMENT

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ONLINE EXAMINATIONS

The online assessment is taken on completion of the training material. You will be asked 100 multiple choice questions with a pass mark of 50%. The answers are marked automatically so you will instantly know whether you have passed. If you don’t pass don’t worry! You can take the Exam again

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1 / 50

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

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SIM. The production of automobile like Toyota Mercedes Benz and so on fall into what categories of production system ………..

3 / 50

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?

4 / 50

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

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SIM. Assuming the unit cost is $ 320 what is the cost of safety stock at the end of June.

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

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

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SIM. What type of model is this Y= a + b1X1 + b2X2?

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SIM.  What are the major component of logistics.

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

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

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SIM. What is the cost of holding the raw materials used in production?

13 / 50

SIM. Definition of Inventory among other things makes use of the following phrases?

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

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SIM. The engagement of Automated Guided Vehicle in overcoming long distance and high altitude in the warehouse is termed …………………..

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SIM. One of these is not a projective method of forecasting into the future?

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SIM. One of these is not a subjective method of forecasting into the future?

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

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SIM. Safety stock is carried out to guide against various deviations such as the following except……….

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SIM. A correlation coefficient can vary between?

21 / 50

SIM.  What is the value of stock out of Sandal?

22 / 50

SIM. A production system of manufacturing a number of identical articles either to meet a specific order or demand or to meet a continuous demand which is demand responsive is called……..

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SIM.   Advantages of central storage include ……………….

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

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

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

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

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

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SIM. A stock is the store of an ………………….. for future use

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

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

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SIM. An inventory waiting for shipment and which can also be served as a sub material for final product of another product is called ………………….

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SIM. A production system where the same types of products are manufactured to meet continuous demand for the product which is not demand responsive and in large quantity is called ………..

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SIM. What is the value of safety stock using Last in first out at the end of June?

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

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

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

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SIM. The basic building block to Inventory Management includes all but

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SIM. The objectives of a warehouse are as follow ………………..

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SIM. The problems with Materials Requirement Planning can be as a result of the following except?

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

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SIM. A4 paper used in printing an invoice an example of ……………………… stock

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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 ………………………………

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

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SIM. The major player in a supply chain are …………………

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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……………….

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

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SIM. Cube utilization and accessibility as to do with ……….

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SIM. Typical form of a warehouse includes the following except……………….

50 / 50

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

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