MGT1163 : Session 1 (2024/2025)

What is the primary disadvantage of air transportation?

• Slow speed

• High fixed costs

• Low variable costs

• Limited range of operation

What distinguishes a freight bill from a bill of lading?

• A freight bill does not require signatures.

• A freight bill includes transportation charges.

• A freight bill serves as evidence in legal disputes.

• A freight bill is used for internal record-keeping only.

What type of inventory refers to surplus stock stored in a warehouse in case of emergencies or supply chain failures?

• Dead Stock

• Seasonal Stock

• Speculative Stock

• Safety or Buffer Stock

What is the primary objective of spot-stocking in warehousing?

• To minimize transportation costs.

• To maintain inventory year-round.

• To reduce the need for warehouse facilities.

• To enhance responsiveness during peak demand periods.

What distinguishes extended storage from active storage in warehouses?

• Accessibility

• Temperature control

• Types of products stored

• Length of time products are stored

What methods can organizations employ to enhance the efficiency of order processing?

• Increasing administrative complexity.

• Limiting collaboration with stakeholders.

• Minimizing communication with suppliers.

• Implementing automation and utilizing technology.

What role do users typically have in user buy procurement strategies?

• They are not involved in procurement decisions.

• They provide input on their needs and preferences.

• They are responsible for partnerships with suppliers.

• They purchase a large portion of supply from one supplier.

How does better collaboration impact supply chain performance?

• It reduces transportation costs.

• It automates manual processes.

• It improves warehouse efficiency.

• It fosters better communication and information flow.

What is the primary goal of automation in Industry 4.0 to enable smart factories?

• Maximizing profit.

• Enhancing product quality.

• Reducing energy consumption.

• Increasing employee satisfaction.

What benefit does cloud storage offer in terms of visibility into operations and efficiencies?

• Reduced downtime

• Remote monitoring

• Enhanced scalability

• Improved data security