QUESTION: 57

Which of the following is the most suitable container of fasteners (screws, nails, nuts and bolts,...)?

Bar rack
Pallet
Tote box
Stock cage

Answer(s): C

Explanation:

Tote box is the reusable storage box. These can be open or have lids or flaps to close them and come in a large variety of sizes and weight loadings.

A tote is ideal for holding and hauling items such as: tools, fasteners, bark dust, dry cement, cords, wires, smaller boxes,...
Pallets are the platform structures designed to support a load and be lifted using the forks (typically seen on forklift trucks and other equipment). These are in a variety of standard sizes and can be made of many materials including plastics, resin, board or timber. Pallets are not containers, but support platforms.

Bar racks are designed to store bars and pipes

Stock cages are available in many sizes and can hold single items or groups of items

Reference:

CIPS study guide page 18
LO 1, AC 1.1

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QUESTION: 58

Which of the following statements holds true about inventory holding costs?

They decline as the cost of the inventory item rises
They always exceed total ordering costs
They depend upon the opportunity cost of tying up funds and the average value of the stock holding
They are independent of the average stock level

Answer(s): C

Explanation:

Holding costs (carrying costs) are the costs associated with the storage and handling of physical stock. There are two different types of holding costs:
- Costs related to the value of the goods: financial costs (i.e. the interest on the working capital tied up in inventory, which may be the bank borrowing rate or the company's target for return on capital); cost of insurance; losses due to product deterioration; losses due to obsolescence and redundancy of inventory; losses due to theft, accidental damage etc.
- Costs related to the physical characteristics of the inventory include the following: storage space; power, heat and lighting of the store; movement equipment; labour costs; administration costs.

Reference:

CIPS study guide page 100-101
LO 2, AC 2.2

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QUESTION: 59

A logistics company has a 2-story warehouse in the suburban are

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?
Small items in tote boxes will be stored on the ground floor with forklifts and other equipment, high-usage palletised items will be stored on the first floor
Medium- to low-usage palletised items will be stored on the ground floor, high-usage items will be stored on the first floor where the building administrative office is located
Forklifts and other warehouse equipment will park on the ground floor, all inventories will be stored on the first floor
Pallets, roller cages and other bulky items will be stored on the ground floor, smaller items in plastic tote boxes will be stored on the first floor

Answer(s): D

Explanation:

The purposes of a warehouse are to keep the inventories in good condition and to ensure that the operations is smooth. In the scenario, the warehouse has 2 stories, with goods-in and goods-out areas located on the ground floor and a lift connecting the stories. The lift could become a bottleneck if the goods inside the warehouse are not well-arranged. Since the lift is often small with limited load capacity, putting heavy bulk items on the first floor will cause bottleneck and increase the chance of accidents. Therefore, palletised items (even they have low-usage) should be placed on the ground floor. Smaller and lighter items should be stored on the first floor.

Reference:

CIPS study guide page 11-13
LO 1, AC 1.1

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QUESTION: 60

Which component of an RFID device is responsible for sending and receiving radio waves?

Network database
Laser beam
Integrated circuit
Antenna

Answer(s): D

Explanation:

RFID tags are made of three different components: an RFID chip, which is an integrated circuit (IC), an antenna, and a substrate. RFID Antennas are necessary elements in an RFID system be-cause they convert the RFID reader's signal into RF waves that can be picked up by RFID tags. Without some type of RFID antenna, whether integrated or stand-alone, the RFID reader cannot properly send and receive signals to RFID tags.

Reference:

CIPS study guide page 49-50
LO 1, AC 1.2

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