The concept involving producing the exact amount of products at exactly the right time
What is JIT
100
A critical part in the supply chain based upon accurate inventory counts
What is inventory management
100
Most mistakes in logistics records are caused by this
What is human error
100
Returns. remanufacturing, recycle
What is reverse logistics
200
Involves total inventory movement rather than moving individual items
What is aggregate inventory management
200
Provides automated directions to material handlers, order pickers, etc
What is WMS
200
Name three checks accomplished by inventory specialists in regards to inventory accountability
What is cycle count, random count, wall-to-wall count
200
This increases inventory accuracy by eliminating human replication of the information.
What is Automated data capture
200
The two primary types of reverse logistics
What is returns a product, recycle/disposal of a product
300
A temporary spike in inventory which may double the normal amount stored
What is seasonal/peak
300
Two most common errors in order picking
What is wrong material and wrong amount
300
MRP is the acronym for
What is Materials Requirements Planning
300
The term that means to control materials so that there is little or no mistake in where as to where the materials are going and who will move them with what equipment
What is "flow"
300
When the process of reverse logistics begins
What is when a customer returns/rejects a product
400
The process of identifying materials, managing storage space,and tracking & controlling those materials
What is inventory control
400
Fastest movers in a warehouse/distribution facility
What is "A" items
400
Inventory method used for "financial" reasons
What is wall-to-wall"
400
The devices control the flow of materials and the points them in the right direction
What is pushers, pullers, tilt trays, shoes
400
Helps companies improve return flow
What is technology, WMS, Internet, Bar code scanners
500
Divide total dollars shipped annually by the average monthly inventory on hand, plus safety stock.
What is the turn rate
500
A time based inventory re-order system
What is cycle ordering
500
The most popular counting method used in large warehouse where taking a full physical inventory involves shutting down a warehouse for several days
What is cycle counting
500
The typical inventory "address" includes
What is building number, aisle, bay, level, drawer
500
Handling return goods
What is return to inventory, refurbish for resale, sold to alternate markets, etc