What Is the Warehouse Activity That Involves Retrieving Materials from Storage

question 47

Multiple Choice

What is the warehouse activity that involves retrieving materials from storage and bringing them to manufacturing to fulfill a production order, or retrieving finishing goods from storage and preparing them for shipment to fulfill a customer order?

• A)stocking
• B)picking
• C)logistics
• D)put-away
• E)movement

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Definitions:

Payback Period

The duration required for an investment to produce a sum of income or cash that matches the investment's initial cost.

Useful Life

The estimated time period that an asset is expected to be usable for its intended purpose.

Simple Rate Of Return

A calculation used to evaluate the profitability of an investment, determined by dividing the annual incremental net operating income by the initial investment cost.

Salvage Value

The expected residual worth of an asset upon the conclusion of its effective lifespan.