Providing sub-standard services can result in higher returns for the company.

• True/False

1. The high volume of return traffic is often referred to as 'reverse logistics'.
   • True/False
2. Incentives should not be used to indorsed to increase the sources for motivation.
   • True/False
3. Regular Stock recording and monthly auditing can lead to stock outs
   • True/False
4. What are 3 cost and services factors advantage for using 3PL companies
5. Motivation, Speed and Innovation are the 3 characteristics of third party companies to look out for.
   • True/False
6. The value chain divides into primary and support activities
   • True/False
7. Inbound and Outbound logistics include transport and warehouse networks to get products to customers is Support activity in value chain.
   • True/False
8. Despatch and Goods Outwards are part of the warehousing activities
   • True/False
9. A 3^rd Party company is required to demonstrate flexibility to be profitable and successful.
   • True/False
10. Demand Forecasting is difficult when the product has a short time period or is perishable.
    • True/False
11. Data Accuracy on what customers want and what is supplied help in reducing lead time variability of demand and supply.
    • True/False
12. The % of time used working on picking of products is a productivity measure in the warehouse.
    • True/False
13. SMART means specific/simple, measurable, achievable/attainable, realistic, time based.
    • True/False
14. Explain Cycle Stock and Safety Stock.
15. RFID communications systems help in reducing rent of the premises.
    • True/False
16. Give 4 reasons of holding stock.
17. What is Management, explain briefly.
18. Insurance on warehouse building is a variable cost.
    • True/False
19. Sourcing is part of primary warehousing operation
    • True/False
20. Overtime wages is a fixed cost that a warehouse company has to incur
    • True/False
21. Name any 4 disincentives that need to be cleaned up to reduce the discontent among employees
22. Continuous/perpetual stock checking is found in smaller companies and usually means a 'shutdown' period.
23. Product Coding helps assist in costing and pricing of product.
24. Demand is found in two basic forms: Random Demand and Predictive demand