Exactprep L4M7 Questions

Whole Life Asset Management Questions and Answers

Question 53

Which is the best definition of reorder point?

The point at which stock will fall to zero minus lead-time

The point when one unit of stock remains in stock

The point when stock reaches zero

The level inventory at which an order must be made

Question 54

Which of the following represents the end-of-life cost of an asset?

Payment of the suppliers' final invoice after the asset is commissioned

The cost of replacing the asset if it is damaged in an accident

The cost of decommissioning and scrapping the asset

Disposal of waste generated from use

Question 55

Which of the following materials handling equipment can be used in the warehouse? SelectTHREEthat apply.

Forklift

Electronic data exchange

Bar coding

Pallet dollies

Conveyor system

Question 56

Stockyards are suitable for specific materials with which of the following characteristics? SelectTWOthat apply.

Equipment only suited for inside storage

Equipment with a long delivery lead time

Items that are bulky and individually packed

Small equipment that is of relatively low value

Equipment that requires larger specialised handling