Question 1:
Discuss and describe (4) four approaches to location of inventories. Write down the benefits and shortcomings of each approach.
Question 2:
Make a distinction between obsolete, unserviceable and redundant items and discuss and describe the preventive measures that may be taken.
Question 3:
Compare and contrast the two (2) main stock replenishment systems. Identify the merits and limitations of each system
Question 4:
“The annual cost of holding inventory can be as high as 26 % of purchase price”. Do you agree with this statement? Discuss and describe.
Question 5:
Describe and discuss the basic security measures which should be taken to prevent theft and pilferage in a warehouse.