Which of the Following Reduces Product Handling, Inventory, and Facility

question 46

Multiple Choice

Which of the following reduces product handling, inventory, and facility costs, but requires both (1) tight scheduling and (2) accurate inbound product information?

• A) phantom-docking
• B) random stocking
• C) ASRS
• D) customizing
• E) cross-docking

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Definitions:

Hindsight Bias

The habit of assuming that one would have foretold the result following the occurrence of an event.

Critical Thinking

The objective analysis and evaluation of an issue to form a judgment, often involving questioning assumptions and identifying biases.

Overconfidence

A cognitive bias characterized by an individual's overestimation of their own abilities, performance, or level of control.

Overconfidence

A cognitive bias wherein a person's subjective confidence in their judgements is reliably greater than their objective accuracy.