123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899100 STORE, INVENTORY AND WAREHOUSING MANAGEMENT EXAMINATION You are welcome to Post Graduate College of Supply Chain, Transport and Procurement Management Examination Portal We are delighted to have you here and wish you the very best as you embark on an exciting journey toward a rewarding career with us. Online Examinations Our online assessments are designed to evaluate your understanding of the training materials and ensure your readiness for the next step in your professional development. Here's what you need to know: Format: The assessment consists of 100 multiple-choice questions. Pass Mark: A minimum score of 50% is required to pass. Instant Results: Your answers will be automatically graded, allowing you to immediately see your results. Retake Option: If you don’t pass on your first attempt, don’t worry! You can retake the exam and try again. Need Assistance? Whether you are currently enrolled on our platform or seeking information, our dedicated support team is here to help. Feel free to reach out to us with any inquiries at scm@postgradcollege.org Thank you for choosing Post Graduate College of Supply Chain, Transport and Procurement Management. We are committed to supporting your growth and success. 1 / 100 1. A high stock-out rate implies: A) Overstocking B) Infrequent deliveries C) Frequent shortages ✔️ D) High employee retention 2 / 100 2. What is batch tracking? A) Employee time tracking B) Delivery vehicle monitoring C) Monitoring inventory by production lot D) Stock counting 3 / 100 3. What is the main purpose of a Warehouse Management System (WMS)? A. Process payroll B. Track truck schedules C. Manage inventory flow and storage activities D. Handle HR recruitment 4 / 100 4. The EOQ model is used to: A. Classify inventory B. Determine optimal order quantity C. Calculate employee pay D. Optimize packing space 5 / 100 5. The function of packing is to: A. Return goods B. Pick goods for storage C. Prepare goods for shipment D. Order new inventory 6 / 100 6. What method ensures oldest stock is used first? A) LIFO B) FIFO C) FEFO D) JIT 7 / 100 7. WMS can track inventory levels in real time. True False 8 / 100 8. Cycle counting means: A) Daily full audits B) Scheduled audits of selected items ✔️ C) Employee rotation D) Inventory disposal 9 / 100 9. Which strategy prevents obsolete inventory? A) Replacing FIFO with LIFO B) Overstocking products C) Using FEFO D) Ignoring expiry dates 10 / 100 10. ABC analysis is based on: A) Expiry date B) Inventory cost and consumption C) Vendor location D) Packaging 11 / 100 11. Distribution centers focus primarily on: A. Long-term storage B. Manufacturing C. Rapid product movement D. Research and development 12 / 100 12. Warehouse KPIs do NOT include: A. Inventory turnover B. Picking accuracy C. Order cycle time D. Employee vacation requests 13 / 100 13. Which warehousing strategy is most effective for reducing labor movement and increasing picking efficiency? A. Random bin placement B. Manual sorting and retrieval C. Zone picking system D. Batch order processing 14 / 100 14. Shrinkage rate measures: A) Pick time B) Stock loss C) Vendor payment D) Expiry count 15 / 100 15. Stock turnover ratio measures: A) Demand rate B) Number of new items C) Frequency of inventory replenishment D) Product warranty 16 / 100 16. RFID is best used for: A) Vendor emails B) Visual merchandising C) Wireless tracking of inventory D) Shelf cleaning 17 / 100 17. Which storage system is ideal for high-density storage? A. Pallet racking B. Open shelving C. Floor stacking D. Vertical carousels 18 / 100 18. What helps mitigate theft risk? A) Overstaffing B) No tracking C) Access controls and surveillance D) Stock disposal 19 / 100 19. One advantage of cloud-based WMS is: A. Requires no data B. No backup needed C. Accessible in real time from anywhere D. Manual operation 20 / 100 20. What is a mezzanine floor in warehousing? A. Loading dock B. Separate shipping zone C. Raised storage platform within the warehouse D. Employee rest zone 21 / 100 21. Which inventory record includes quantity, location, and last movement date? A) Employee log B) Stock card C) Purchase order D) Delivery docket 22 / 100 22. Reorder point formula includes: A) Holding cost × lead time B) Demand × cycle time + safety stock C) Procurement price + returns D) Asset depreciation 23 / 100 23. The specific identification method is ideal for: A) Low-cost items B) Bulk items C) High-value items D) Perishables 24 / 100 24. Material handling has no impact on warehouse efficiency. True False 25 / 100 25. JIT inventory minimizes: A) Supplier relationships B) Holding costs C) Vendor selection D) Store layout design 26 / 100 26. What is a KPI for warehouse efficiency? A) Supplier rating B) Order picking accuracy C) Fuel cost D) Complaint count 27 / 100 27. Which of the following is a type of inventory used in manufacturing? A) Finished goods only B) Work-in-progress C) Returned products D) Vendor-managed stock 28 / 100 28. Zone picking is: A. Assigning workers to specific areas for picking B. Creating new zones C. Labelling boxes randomly D. Grouping items by brand 29 / 100 29. What does a WMS system do? A) Manages workers’ time B) Tracks customers’ complaints C) Manages warehouse inventory D) Audits employee attendance 30 / 100 30. Carbon footprint per shipment tracks: A) Order value B) Environmental impact C) Employee location D) Vendor rating 31 / 100 31. Which function does NOT belong to material management? A. Procurement B. Advertising C. Inventory control D. Distribution coordination 32 / 100 32. Backorder refers to: A) Canceled order B) Item currently out of stock but still ordered C) Duplicate shipment D) Returned goods 33 / 100 33. Safety stock protects against: A) Extra staff cost B) Supplier bankruptcy C) Unexpected delays or demand fluctuations D) Increased promotions 34 / 100 34. Material handling focuses on: A. Inspecting products B. Shipping strategy C. Movement of goods within facilities D. Outsourcing supply chain 35 / 100 35. What’s a blind receiving method? A) Verifying deliveries without invoice details B) Manual recording only C) Ignoring missing items D) Scanning barcodes blindly 36 / 100 36. The JIT system focuses on: A. Holding large volumes of safety stock B. Delivering goods as they are needed C. Maximizing warehouse size D. Outsourcing production 37 / 100 37. Which of the following is not a cost associated with inventory? A) Ordering cost B) Holding cost C) Training cost D) Stockout cost 38 / 100 38. Which of the following does NOT directly affect warehouse layout? Which of the following does NOT directly affect warehouse layout? A. Product dimensions B. Lighting preference C. Aisle width D. Picking method 39 / 100 39. Inventory shrinkage includes: A) Stockouts B) Theft and loss C) Safety stock D) Packaging returns 40 / 100 40. The term "cycle counting" refers to: A. Moving goods via bicycles B. Periodic partial inventory checks C. Employee rotation D. Production cycle 41 / 100 41. In inventory terms, the reorder point refers to: A. The time of restocking B. The level at which a new order should be placed C. The production completion date D. The number of defective goods 42 / 100 42. Which of these is a performance indicator in warehousing? A. Net Profit Margin B. Picking accuracy C. Social engagement D. Expense claims 43 / 100 43. What does buffer stock help with? A) Marketing B) Supplier negotiations C) Sudden demand surges D) Equipment maintenance 44 / 100 44. Which inventory control technique categorizes inventory based on value and usage frequency? A. EOQ B. FIFO C. LIFO D. ABC Analysis 45 / 100 45. ABC analysis is used for performance appraisal of staff. True False 46 / 100 46. In warehouse zoning, fast-moving items should be stored: A) Far corners B) Basement C) Near dispatch and picking zones D) On top shelves 47 / 100 47. In ABC analysis, C-items are: A. Most critical and high-value B. High value, low volume C. Low value, high volume D. Overstocked rarely 48 / 100 48. What is the purpose of a goods receipt note? A) Confirm payment B) Acknowledge return C) Document receipt of inventory D) Cancel a PO 49 / 100 49. JIT inventory systems require strong supplier reliability. True False 50 / 100 50. What is an inventory write-off? A) Increase in reorder point B) Transfer of obsolete stock C) Purchase discount D) Vendor price drop 51 / 100 51. Obsolete inventory refers to: A) Reusable items B) Outdated, unsellable stock C) Frequently used materials D) New inventory 52 / 100 52. Lead time refers to: A) Duration of inventory inspection B) Time between ordering and receiving stock C) Staff scheduling D) Wastage duration 53 / 100 53. VMI stands for: A) Vendor-Managed Inventory B) Value-Managed Inventory C) Verified Market Integration D) Visual Merchandising Index 54 / 100 54. Which inventory method helps reduce tax liabilities during inflation? A) FIFO B) WAC C) LIFO D) FEFO 55 / 100 55. Cold storage is required for: A) Packaging items B) High-value electronics C) Perishable goods D) Construction material 56 / 100 56. Which method issues goods that were received first? A. LIFO B. EOQ C. FIFO D. ABC 57 / 100 57. What is the primary goal of inventory management? A) Maximize procurement cost B) Ensure stockouts occur frequently C) Maintain optimal stock levels D) Reduce employee workload 58 / 100 58. Which of the following is NOT a type of warehouse layout? A. V-shaped B. L-shaped C. U-shaped D. I-shaped 59 / 100 59. Cross-docking minimizes: A. Product lifecycle B. Material handling C. Employee training D. Holding time in storage 60 / 100 60. Which of the following best defines warehousing? A. Movement of goods from supplier to manufacturer B. Storage of goods for production or distribution C. Purchase of raw materials D. Outsourcing of logistics operations 61 / 100 61. Which technology enhances traceability in inventory systems? A) Television B) Radio jamming C) Blockchain D) Manual forms 62 / 100 62. Inventory shrinkage refers to: A. Space expansion B. Lost, stolen, or unaccounted stock C. Cold storage D. System error 63 / 100 63. Returns processing is unrelated to customer satisfaction. True False 64 / 100 64. Which of the following best defines cycle counting? A. Full inventory count annually B. Regular counting of subsets of inventory C. Supplier rating D. Periodic supplier payment tracking 65 / 100 65. Recycled packaging supports: A) SEO B) Waste reduction C) High cost D) Increased shelf life 66 / 100 66. The EOQ model minimizes: A) Sales costs B) Labor hours C) Ordering and holding costs ✔️ D) Procurement cycle 67 / 100 67. A key benefit of demand forecasting is: A) Supplier diversification B) Reduced training time C) Better inventory planning and reduced stockouts D) More frequent audits 68 / 100 68. The main function of value-added services (VAS) is to: A. Increase warehouse size B. Add custom touches like kitting or labeling C. duce automation D. Increase manual processes 69 / 100 69. Robotics in warehouses are used for: A) Marketing B) Product labeling C) Automated picking and transport D) Shelf arrangement 70 / 100 70. What is stock rotation? A) Changing inventory labels B) Moving items based on expiration or age C) Shuffling shelf space D) Vendor switching 71 / 100 71. First Expired, First Out (FEFO) is used for: A. Price-sensitive goods B. General merchandise C. Perishable or dated goods D. Luxury products 72 / 100 72. Automation can reduce both labor costs and picking errors. True False 73 / 100 73. Which layout design offers linear flow of goods? A. U-shaped B. I-shaped C. L-shaped D. Z-shaped 74 / 100 74. Kanban is a feature commonly associated with: A. Safety training B. Automation systems C. JIT inventory D. Warehouse security 75 / 100 75. The EOQ model helps in optimizing the cost of ordering and holding inventory. True False 76 / 100 76. Public warehouses are operated exclusively by a single company. True False 77 / 100 77. Economic Order Quantity (EOQ) is mainly influenced by: A) Temperature B) Vendor location C) Demand rate, ordering cost, holding cost D) Shelf design 78 / 100 78. What is a benefit of AI in inventory management? A) Increases labor hours B) Adds to paperwork C) Predicts demand accurately D) Replaces RFID 79 / 100 79. Which warehouse type is best suited for temporary storage needs? A. Private warehouse B. Contract warehouse C. Public warehouse D. Automated warehouse 80 / 100 80. Barcoding improves: A) Wastage B) Manual recording C) Tracking accuracy D) Supplier diversity 81 / 100 81. QR codes are used for: A) Decorating shelves B) Storing and scanning product information C) Attracting customers D) Issuing pay slips 82 / 100 82. What is bin location in warehousing? A. Delivery document B. Return method C. System of organizing stock by specific storage codes D. Vendor tracking ID 83 / 100 83. Which layout ensures faster picking in high-volume warehouses? A. U-shape B. I-shape C. L-shape D. Random layout 84 / 100 84. Which system integrates procurement, finance, and inventory? A. MRP B. WMS C. ERP D. CRM 85 / 100 85. Lean warehousing focuses on: A. High packaging cost B. Inventory build-up C. Waste reduction and process efficiency D. Higher lighting bills 86 / 100 86. Which warehouse document authorizes stock movement? A. Sales invoice B. Packing list C. Pick list D. Statement of account 87 / 100 87. Which inventory type represents products in production but not yet completed? A. Raw materials B. WIP C. Finished goods D. MRO supplies 88 / 100 88. An ideal inventory system should be: A) Costly and paper-based B) Complex with many delays C) Real-time, accurate, and automated D) Weekly reviewed only 89 / 100 89. Which warehouse type is generally used for temporary storage? A. Private warehouse B. Contract warehouse C. Public warehouse D. Cold storage 90 / 100 90. The purpose of sustainability in inventory is to: A) Use more packaging B) Increase disposal C) Minimize environmental impact D) Delay compliance 91 / 100 91. Cross-docking increases the amount of inventory stored. True False 92 / 100 92. A bonded warehouse is most associated with: A. Frozen goods B. Temporary exports C. Goods stored under customs supervision before duty payment D. Overhead cranes 93 / 100 93. Bin cards record: A) Staff hours B) Movement of inventory in specific storage bins C) Vendor locations D) Sales invoices 94 / 100 94. A distribution center differs from a traditional warehouse by: A. Avoiding inventory B. Holding long-term storage C. Emphasizing rapid movement of goods D. Not using racking 95 / 100 95. In warehouse layout, a U-shaped design is most suitable for: A. Cold storage facilities B. Complex distribution hubs C. Small to medium warehouses D. Multi-level fulfillment centers 96 / 100 96. What is inventory obsolescence? A) Item nearing expiry B) Stock unfit for future use or sale C) Incoming order D) Fast-moving item 97 / 100 97. What does inventory turnover ratio indicate? A) Staff rotation rate B) Speed at which inventory is sold and replaced C) Equipment aging D) ROI on sales 98 / 100 98. Which strategy helps eliminate excess inventory? A. LIFO B. JIT C. ABC D. EOQ 99 / 100 99. Inventory shrinkage can result from theft or inaccurate records. True False 100 / 100 100. IoT in warehousing allows: A) Wireless worker control B) Real-time stock visibility C) Better branding D) More packaging Your score is 0% Restart quiz By Wordpress Quiz plugin
