Whole Life Asset Management
Last Update Nov 30, 2025
Total Questions : 255
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Which of the following are advantages of a multi-story warehouse compared to a single-story warehouse?
Heavier, frequently moved items will always be stored on the upper floor of a multi-story warehouse
Order tracking technology is more effective and efficient in a multi-story warehouse
There are more options for the storage of inventory by volume, weight, and frequency of movement in a multi-story warehouse
The cost of land is likely to be less for a multi-story warehouse compared to a single-story warehouse for a similar product volume
A logistics company has a 2-story warehouse in the suburban area. The goods receiving area and dispatch area are located on the ground floor only. There is a lift connecting the two floors. The daily operations of the warehouse are quite busy. Which of the following would the best arrangement for this warehouse?
Radio Frequency Identification (RFID) is an electronic technology that transmits data from tagged items. What are the advantages of RFID technology? SelectTWOthat apply.
Which of the following is another name for scheduled (routine) maintenance?
Which of the following statements is true of just-in-time (JIT) purchasing?
A warehouse manager is evaluating the use of Automated Guided Vehicles (AGVs) within a repetitive task environment. After reviewing their use and price, the manager decided to invest in several AGVs. Were they correct in doing this?
A food processing manufacturer must be able to trace the ingredients they use and the food manufactured from those ingredients. Which of the following systems provides the opportunity for efficient traceability?
Stockyards are suitable for specific materials with which of the following characteristics? SelectTWOthat apply.
Which of the following statements holds true about inventory holding costs?
Which of the following is the material handling equipment which uses the suction force to lift an item?
Assuming that all other factors are constant except one, the net present value of a capital expendi-ture increases when...?
An electricity company charges its customers monthly fee for access and a usage fee for consump-tion of electricity. Which pricing structure is the company using?
Which of the following factors influence stock-holding policy for slow-moving items?
Item cost
Surplus cost
Shortage cost
Lead time
Which costs in the following list are categorised as operation costs in the total cost of ownership model? Select TWO that apply.
Which of the following factors should be considered when decommissioning and disposing of a machine at the end of its useful life? SelectTWOthat apply.
Which of the following is the cylindrical container that is suitable for liquids or loose material
The minimal total cost is always achieved when there is only one warehouse. Is this statement true?
Nuclear Energy Group Limited (NEG) has a number of investment options currently under appraisal. As these are all long-term investments (more than 30 years), NEG is adopting a total cost of ownership approach. It has gathered data on all associated costs over the life of the investment. Which of the following will be regarded as end-of-life costs?
A major investment bank is planning to purchase a complex banking system that will interface with multiple applications at varying times of the day. Before deploying the system, there are various levels of testing that must be performed through joint testing between the in-house team and off-shore testing consultants. The testing will be performed in a resource-constrained shared environment and managed by the on-shore development team. The costs for testing are generally classified as...?
“A measure of the ability of an organisation to supply customers without delay” is the best defini-tion of which of the following:
GAP Ltd is a growing retail business. It spends a lot of money on buying stock for sale. However, the procurement process is still largely manual. This manual process contains a lot of tasks that are repeated for each procurement event and time consuming. The company management team decides to adopt procure-to-pay (P2P) software in order to eliminate duplicate activities and improve process efficiencies. Which type of cost is GAP targeting?
XYZ Ltd has been adopting MRP system for years. The system helps the company improve effi-ciency greatly and generates huge cost-savings. However, MRP system is only limited to produc-tion process management and XYZ management team would like to have better insights into re-sources required across the organisation as a whole. Which software system would help XYZ management team achieve the above objective?
A company does not have enough space to hold inventory to satisfy an external foreign market. Therefore, the board of directors have decided that the company would buy stock in bulk and pay a fee for storage to a third-party warehouse provider local to the foreign market. This would allow the company to focus on other aspects of the business. The stock will be called off as and when required. Which of the following strategies is being pursued by this company?
What advantage can the use of ABC classification of stock provide in warehouse design?
Practice of unloading goods from inbound delivery vehicles and loading them directly onto out-bound vehicles is known as ...?
A group of items which are stacked together for more convenient movement is called...?
When using ABC analysis to classify inventory, which factors must be considered?
1. Demand uncertainty of each item
2. Cumulative percentage of items
3. Cumulative percentage usage value of items
4. Overall inventory turnover
To improve the security of a warehouse, alarm systems are commonly used. Which of the following is an important part of these systems?
XYZ Inc opens a tender to purchase new forklift trucks for their new established warehouse. In the final round, there are two suppliers remain who offer two different bids. Supplier A's bid has high initial investment. After calculating the net present value, the NPV in year five is positive. On the other hand, supplier B's bid has low purchase price, with the NPV in year five is negative. If the NPV is the sole selection criterion, XYZ Inc should select the bid which has...?
A manager who is concerned about the environmental impact of packaging should do which of the following?
Sidel Corp is a major food processor. It invested heavily on manufacturing facilities and processing machineries. Sidel's expenses on maintenance are exceptionally high. To minimise the total cost of maintenance, what should Sidel Corp do?
The optimum balance in the standard ISO 18602:2013 (Packaging and the environment — Optimi-zation of the packaging system) considers which of the following factors?
1. Environmental impact of losses due to lack of packaging
2. The process for packaging design, including material selection
3. Procedures and requirements for packaging that are suitable for organic recycling
4. Environmental impact of excess packaging
"Open stock plus purchases minus closing stock" is the formula of which of the following?
Which of the following costs can be classified as 'acquisition costs'?
Invitation to tender and order processing costs
Invoice processing and supplier selection costs
Goods inspection and total ownership cost
Total input costs and invoice processing cost
A retailer wants to improve its service level in inventory management from 95% to 97%. Which of the following is the best course of action?
A manufacturer has discovered that some of the stock in its storeroom is obsolete and now wishes to take the appropriate action. Should the manufacturer write the stock off?
Which of the following are essential aspects that are required for the successful implementation of Just-In-Time (JIT)? SelectTWOthat apply.
The ABC approach involves classifying inventory items by unit cost, with expensive items classi-fied as ‘A' items and low cost items classified as ‘C' items. Is this statement true?
Staff at DIY Products Inc (DPI) have been experiencing issues with the identification of stock items. The current labelling system is outdated and unreliable. DPI has therefore invested in a machine-readable approach. Each item has a unique number that is attached visibly to the packaging. This number can be deciphered by a scanner to aid identification. This approach is known as which of the following?
In just in time production system, when is an upstream production triggered?
Which of the following best describes what happens when order volumes from customers increase and multiply through the supply chain?
Your employers have expanded rapidly over the past five years and have acquired a number of smaller companies in the same industry. Unfortunately, all of the companies purchased have manual inventory systems. Your employer is setting up a computerised inventory control system and wishes to ensure that all stock is classified under the appropriate headings. Under what classification would semi-finished goods be classified?
Which of the following materials handling equipment can be used in the warehouse? SelectTHREEthat apply.
Which component of an RFID device is responsible for sending and receiving radio waves?
Hi-Tech Products Inc. (HTP) has just opened a new state-of-the-art distribution centre. It has invested heavily in new technology that will help manage, store, and identify stock items and their locations quickly and continuously. Its investment uses wireless technology. HTP will be using which of the following?
Which of the following are most likely to be direct benefits of applying RFID technology? Select TWO that apply
Lean principle focuses on eliminating eight types of waste. Waste in Lean manufacturing is defined as...?
TESTED 30 Nov 2025
