Warehouse Receipt & Inventory Flashcards
7 cards from real CCP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Warehouse Receipt & Inventory flashcards as text
In CargoWise, what is the primary purpose of a stock adjustment transaction?
Answer: To correct discrepancies between physical and system stock quantities
Stock adjustments in CargoWise are used to reconcile the system's inventory count with actual physical counts, adding or subtracting quantities as needed.
In CargoWise WMS, 'lot tracking' enables warehouse operators to:
Answer: Track specific batches or production runs of a product through inventory
Lot tracking in CargoWise links inventory to a specific production batch or lot number, enabling traceability for recalls, expiry management, and quality control.
Which inventory valuation method—commonly used in CargoWise—issues oldest stock first when goods are dispatched?
Answer: FIFO (First In, First Out)
FIFO (First In, First Out) dispatches the earliest-received inventory first, which is the default and most common method supported in CargoWise WMS.
In CargoWise, when a warehouse receipt is linked to a forwarding job, which reference typically ties the two records together?
Answer: The AWB or BL number from the forwarding shipment
The Air Waybill (AWB) or Bill of Lading (BL) number is the shared key that links a CargoWise forwarding job to its corresponding warehouse receipt.
In CargoWise WMS, 'expiry date tracking' is most critical for which category of cargo?
Answer: Perishable goods and pharmaceuticals
Perishables and pharmaceuticals have strict shelf-life requirements, making expiry date tracking in CargoWise essential to prevent dispatch of out-of-date stock.
When conducting a physical inventory count in CargoWise, which process compares the counted quantities against system records and resolves differences?
Answer: Stock reconciliation
Stock reconciliation in CargoWise systematically compares physical counts to system quantities and generates adjustment transactions to align them.
In CargoWise, applying a 'quarantine' inventory status primarily means:
Answer: The goods are held and cannot be dispatched until officially released
Quarantine status in CargoWise flags inventory as held, blocking dispatch actions until an authorized user reviews and releases the goods.