This material consists of component inventory used to feed into the product or manufacturing lines
What is Raw material
100
Most commonly used inventory management systems
What is WMS
100
Most important aspect of inventory control
What is Knowing the number/quantity of each SKU in the facility
100
Most mistakes in logistics occur with this entity
What is human error
100
This function often requires additional inspections of materials
What is reverse inventory
200
Inventory that comes to the warehouse/distribution center packaged, ready to ship
What are Finished goods
200
Used to conduct many inventory functions, including quantity, location, inventory status
What is WMS
200
Type count of inventory where the employee walks the facility with a printed form or hand held computer, manually counts the items and records them to the WMA
What is the manual count
200
These systems work by using labels or devices which can be scanned.
What are Automated systems
200
Damaged products can be treated in these two manners
What is salvaged or refurbished
300
Inventory consisting of partially-finished goods between steps in the manufacturing process
What is WIP
300
Inventory concept to minimize total inventory onhand
What is JIT
300
Type count that uses the ABC method. Used in most large warehouses/distribution centers
What is Cycle counting
300
This activity describes the movement of materials so there is little or mistake as to where materials are to go and who is to move them with what equipment
What is flow
300
If an item is not salvageable it usually is this
What is discarded or destroyed
400
This type of inventory involves total inventory movement rather than volving individual items
What is aggregate inventory
400
Picking the wrong amount and picking the wrong material
What is the most common errors in order picking
400
The counting method uses bar codes or RFID tags to scan items as they are received at a facility
What is Automated count
400
A sorter is an example of this device
What is a directional device
400
Most warehouse/distribution centers use this location for reverse flow items
What is a separate facility
500
Produce precisely the necessary units, in the necessary quantities, at the necessary time
What is JIT
500
Inventory management concept that says the first item in is the first item sold
What is FIFO
500
The count method where an employee counts a specific SKU
What is Random count
500
This device includes pushers, pullers, diverters, tilt trays, etc