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Whole Life Asset Management
Last Update Nov 21, 2024
Total Questions : 255 With Comprehensive Analysis
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Last Update Nov 21, 2024
Total Questions : 255 With Comprehensive Analysis
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CIPS L4M7
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XYZ Ltd is a retailer in the US. Their customers' demand for Thanksgiving and Christmas decora-tions usually rises in the end of the year. This irregular demand results in more required storage space for finished goods during peak seasons. Which of the following are possible solutions for dealing with required additional space?
1. Maximising aisle width
2. Keeping high buffer stock throughout the year
3. Maximising flexibility in warehouse layout
4. Installing mezzanine floor
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 statements represent a definition for 'obsolescence' in inventory management? SelectTWOthat apply.
TESTED 21 Nov 2024
