CCP Warehouse Receipt & Inventory 3

Question 1

In CargoWise, what is the primary purpose of a stock adjustment transaction?

Accepted Answer

To correct discrepancies between physical and system stock quantities

Answer

Stock adjustments in CargoWise are used to reconcile the system's inventory count with actual physical counts, adding or subtracting quantities as needed.

Question 2

In CargoWise WMS, 'lot tracking' enables warehouse operators to:

Accepted Answer

Track specific batches or production runs of a product through inventory

Answer

Lot tracking in CargoWise links inventory to a specific production batch or lot number, enabling traceability for recalls, expiry management, and quality control.

Question 3

Which inventory valuation method—commonly used in CargoWise—issues oldest stock first when goods are dispatched?

Accepted Answer

FIFO (First In, First Out)

Answer

FIFO (First In, First Out) dispatches the earliest-received inventory first, which is the default and most common method supported in CargoWise WMS.

Question 4

In CargoWise, when a warehouse receipt is linked to a forwarding job, which reference typically ties the two records together?

Accepted Answer

The AWB or BL number from the forwarding shipment

Answer

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.

Question 5

In CargoWise WMS, 'expiry date tracking' is most critical for which category of cargo?

Accepted Answer

Perishable goods and pharmaceuticals

Answer

Perishables and pharmaceuticals have strict shelf-life requirements, making expiry date tracking in CargoWise essential to prevent dispatch of out-of-date stock.

(CCP) CargoWise Certified Professional Practice Test

(CCP) CargoWise Certified Professional Practice Test

CCP Warehouse Receipt & Inventory 3