Question 1 (1 point) What would be the FIRST step for a firm attempting to determine warehouse space requirements? Determine number of forklifts needed Analyze materials handling equipment required Negotiate contracts with carriers Develop a forecast of customer demand Question 2 (1 point) As throughput volume increases, which warehouse ownership model becomes more advantageous and economical? Private warehouse Contract warehouse Public warehouse Bonded warehouse Question 3 (1 point) When starting an ABC analysis of your inventory, which of the following would be the first step to take? Physically separating items by their usage levels Determine the annual usage of each item Calculate the frequency of replenishment levels Calculate the cumulative levels of each item Calculate the frequency of replenishment levels Calculate the cumulative levels of each item Question 4 (1 point) If a company decides to carry more inventory in its warehouse for potential customer orders, all of the following will increase except: Potential stock-outs Materials handling activity Computer inventory transactions Carrying costs Question 5 (1 point) What is the major objective of a firm's delivery system