Unit 08: Inventory And Warehouse Management

Front 1

List and describe 4 types of goods movements

Back 1

- goods receipt. Receipt of goods from vendor or production. Increases warehouse stock.
- goods issue. Goods are posted to a customer. Decreases warehouse stock.
- stock transfer. Move stock from one location to another.
- transfer posting. Change in stock ID number or category (i.e. quality inspection to unrestricted use)

Front 2

List 3 types of stock transfers

Back 2

- storage location to storage location
- plant to plant
- company code to company code

Front 3

What is the advantage of using a two-step stock transfer procedure?

Back 3

You can monitor stock that is in transit

Front 4

List 7 organizational levels used in logistics execution

Back 4

- client
- company code
- transportation planning point
- plant
- shipping point
- storage location
- warehouse number

Front 5

List the 3 components of a warehouse number substructure

Back 5

- storage type
- storage section/picking area
- storage bin

Front 6

The _____ can be thought of as a handling instruction for the warehouse storeperson

Back 6

transfer order

Front 7

A _____ is a non-divisible part of a stock of materials for which a separate book inventory exists

Back 7

stock management unit

Front 8

List the 5 elements that define a stock management unit

Back 8

- material
- plant storage location
- stock type
- batch
- special stock

Front 9

List the 3 phases of the physical inventory process

Back 9

1. Creation of physical inventory documents
2. Enter counts
3. Post inventory difference

Front 10

List the 3 types of stock units that may be included in the physical inventory process using the cycle counting method

Back 10

- unrestricted-use stock
- stock in quality inspection
- blocked stock