QUESTION 1
(a) Give explanation for ABC analysis.
(b) What are the advantages of standardisation and variety reduction?
(c)Classify four Inventory Driven Costs.
(d) Elucidate briefly how EDI works.
(e) Enumerate two problems of Just in Time.
(f) Evaluate and contrast dependent and independent demand.
QUESTION 2
Examine four approaches to location of inventories. What are the profits and inadequacies of each approach?
QUESTION 3:
Differentiate between obsolete, redundant and unserviceable items and discuss the preventive calculations that might be taken.
QUESTION 4:
Evaluate and contrast the two main stock replenishment systems. Identify the gains and restraints of each system
QUESTION 5:
"The annual cost of holding inventory can be as high as 26 % of the purchase price". Do you agree with this statement? Talk.
QUESTION 6:
Explain the basic security evaluations that should be taken to prevent theft and pilferage within a warehouse.