Warehousing is a challenge. What are basic warehousing activities which makes it so difficult? Describe benefits of having warehouses in supply chain (06 Marks)

Q.5: What is meant by incoterm? How following incoterms will help procurement managers identify risk, cost & responsibility? (05 Marks)

1. CIF
2. FOB
3. CFR

EX-WORKS

Identify Muda (Waste) type from the following given scenarios (03 Marks)

1. Huge meals in restaurants
2. Workers searching for missing tools or office supplies
3. Products that are shipped to the wrong address
4. Sending unsold products from the store back to the warehouse
5. Shelves of unused office supplies
6. An MRI when an X-ray would suffice