Question 1

Toll Group has thousands of end-of-life IT assets that need to be disposed of. The senior management of Toll Group is largely concerned about sustainability in waste management, especially electronic waste. Before selecting a supplier to manage the process, the procurement team is required to assess the environmental risks regarding disposal of the assets. Risk assessment is basically based on the measurement of which factors?

1. Impact

2. Reward

3. Surveillance

4. Likelihood

Options :

A : 1 and 3 only

B : 1 and 4 only

C : 2 and 4 only

D : 2 and 3 only

Answer: B

Question 2

Which of the following correctly describes the triple bottom line?

Options :

A : People, Planet, Project

B : Professional, Planet, Profit

C : People, Product, Profit

D : People, Planet, Profit

Answer: D

Question 3

Which of the following is the formula for calculating the re-order level?

Options :

A : Average usage in a lead-time / Required level of safety stock

B : Average usage in a lead-time + Required level of safety stock

C : Required level of safety stock x Average usage in a lead-time.

D : Required level of safety stock – Average usage in a lead-time

Answer: B

Question 4

Which of the following allow an organisation to have more flexible space for storage by leveraging the facilities of other parties? Select TWO that apply.

Options :

A : Eliminating dead stock or inventory

B : Consignment stocking

C : Temporary warehousing

D : Adopting carousel-type storage

E : Installing double-deep pallet racking

Answer: B,C

Question 5

Do all types of warehouses require access to daylight to reduce the cost of electricity?

Options :

A : No, because only ventilation can help to reduce the humidity in the warehouse

B : Yes, because sunlight sterilises inventories in damp conditions

C : No, because some types of stock are sensitive to sunlight

D : Yes, because organisation-s need for artificial lighting and heating will reduce

Answer: C