The Concept of Customizing in a Warehouse Layout

question 219

Multiple Choice

The concept of customizing in a warehouse layout:

• A) is possible, but it causes serious loss of oversight of the quality function.
• B) cannot be considered seriously in today's high efficiency factories.
• C) is theoretically sound, but several years away in practice.
• D) incorporates value-added activities in warehouses.
• E) locates stock wherever there is an open location.

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Definitions:

Surplus

The situation in which the quantity of goods or services supplied exceeds the quantity demanded at the current price.

Quantity Supplied

the amount of a good or service that producers are willing and able to sell at a given price over a specific period.

Quantity Demanded

The aggregate sum of a product or service that buyers are prepared to buy at a determined price point, at a certain moment.

Surplus

The situation in which the quantity of goods produced exceeds the quantity demanded, often leading to a drop in prices.