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Total 228 Questions | Updated On: Nov 18, 2024

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Question 1

GAP Ltd is a retail business that wants to reduce its spending on stock. Its current procurement process is manual, repetitive and slow. The management team plans to use procure-to-pay (P2P) software to streamline the process and cut costs. What kind of cost is GAP aiming to lower?

A : Cost of stockouts

B : Acquisition costs

C : Holding costs

D : Disposal costs

Answer: B

Question 2

Which among the following are the tools for reducing acquisition costs in purchasing?

1. Procurement card

2. Automated Storage & Retrieval System

3. Porter's value chain

4. P2P system

A : 1 and 4 only

B : 2 and 3 only

C : 1 and 3 only

D : 2 and 4 only

Answer: A

Question 3

Which of the following are the benefits of using warehouse automation? Select TWO that apply

A : Reducing labour cost

B : Increasing the labour intervention

C : Increse the hours of labour training

D : Reducing investment in technologies

E : Improving safety and efficiency

Answer: A

Question 4

Is it essential for every type of warehouse to incorporate access to natural lighting as a means to reduce electrical costs?

A : No, because some types of stock are sensitive to sunlight

B : Yes, because sunlight sterilises inventories in damp conditions

C : No, because only ventilation can help to reduce the humidity in the warehouse

D : Yes, because organisation's need for artificial lighting and heating will reduce

Answer: B

Question 5

International Standard Book Number (ISBN) is a unique international identification system for each product form or edition of a monographic publication published or produced by a specific publisher. ISBN is an example of...?

A : Check digit

B : Industry standard code

C : Own product code system

D : Harmonized system

Answer: B

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Total 228 Questions | Updated On: Nov 18, 2024

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