If a shipment has a gross weight of 500 pounds and overall dimensions of 42 inches x 48 inches x 48 inches, what is the density of the shipment (in pounds per cubic foot)?
To find the density of the shipment, we use the formula:
Density = Weight / Volume.
The volume of the shipment is calculated as (42/12) x (48/12) x (48/12) cubic feet. Thus, Volume = 56 cubic feet.
Density = 500 pounds / 56 cubic feet = 8.9 pounds per cubic foot.
This calculation shows the shipment's density as Option C. Reference: Basic principles of density calculation.
Which of the following is the GREATEST advantage of using component standardization in product design?
Component standardization increases purchasing power through higher volumes, leading to cost reductions and simpler product development. It streamlines processes and reduces complexity, enhancing efficiency and flexibility. Reference: Product design and development literature often highlight standardization as a means to optimize manufacturing and supply chain processes.
Based on the global reach and complexity of supply chains, resiliency planning and risk assessment are necessary because of which of the following'
Resiliency planning and risk assessment in global supply chains are critical due to the potential impact of natural and man-made disasters. These events can disrupt operations, affecting logistics, supply continuity, and financial performance. Effective risk management strategies mitigate such disruptions, ensuring supply chain stability.
A cell phone retailer experiences excess inventory of a particular model due to errors in demand forecasting. In addition, remorse returns of this model are greater than anticipated. Which of the following is the BEST course of action the company can take to recover value from these assets?
Conducting an online auction is an effective strategy for rapidly liquidating excess inventory and remorse returns. This approach maximizes recovery value by reaching a broad audience of potential buyers in the secondary market, addressing inventory concerns promptly and efficiently.
A company requires a physical tracking system for goods received and handled in its warehouse. The firm's executive management requests a report to justify funding for the tracking system. Which of the following is the PRIMARY point the report should address?
Inventory accuracy is crucial for effective warehouse management. It ensures that the physical count of goods matches the inventory records, which is essential for minimizing errors, reducing waste, and improving customer satisfaction. The primary point the report should address is how a physical tracking system enhances inventory accuracy, leading to more efficient operations.
