Lecture 5 Warehousing Flashcards

1
Q

Storage Types

A
  • Bulk Materials, sorted by weight and volume
  • Discrete or Component Matarials: sorted by number of units
  • Stock Keeping Units: the number of different types of product kept in stock
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Pareto Curve

A

20% of the products acount for 80% of the turn around time

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

When does Pareto not work

A
  • When demand is random (spare parts)
  • When goods must handled FIFO (fresh foods)
  • High peak in seasonal demand (holiday packages)
  • In an I form warehouse
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Warehouse transport equipement

A
Fork lift 
Reach truk 
Pallet truck 
Electrick pallet truck
Gantry
Automated Guidance Vehicle
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Special distribution centre froms

A

Consolidation Warehousing
Postponent warehousing
Bonded warehouse

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Group Cellular Layout

A

Resources to produce similar product placed together

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Computer Aided Design CAD

A
Use computer systems to asists in 
creation
modification
analysis 
optimization
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Computer Aided Manufacturing CAM

A

Using computers to assist manufacturing

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

CAD + CAM=

A

computer integrated manufacturing CIM

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Future supply chain developments

A
Robotics 
Artificial Intelligence 
Augmented Reality 
Cleaner systems 
3D printing 
Bock chains
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Inventory Types (10)

A
Traditional 
Purpose 
Cycle stock
Safety stock 
Effect 
Basically 
Anticipation inventory
Hedge inventory 
Transportation Inventory 
Smoothing Inventory
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Inventory Drivers

A

Business conditions
supply uncertainity
demand uncertainty
mismatch

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Independent demand

A

items whose demand levels are beyond a company’s control

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Dependent demand

A

demand levels are tied directly to the company’s planned production of another item

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Stock turnover

A

the number of times a business sells and replaces its stock of goods during a given period

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Inventory valuation methods

A

Specific identification, track the individual items
FIFO, first produced first out
LIFO, last in first out
Weighted average model, average inventory costs of goods sold