This Business Quiz: Inventory Management- III assesses knowledge on inventory distribution, management objectives, and system activities. It sharpens skills in understanding core inventory concepts and enhances readiness for roles in supply chain and inventory management.
About 20% of the items will usually account for about 80% of the total value
A items should have the loosest possible control
The general rule for using the ABC approach is to have plenty of everything in stock
C items account for about 50% of the total value
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The distance moved
The packaging
Customer discounts
The perishability of the goods
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Goods are always stored in the same location
The same SKU may be stored in several locations at the same time
An informal information system can be used
The system is appropriate for all warehouses
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To provide the required level of customer service
To minimize the costs of warehouse space
To always have enough of everything on hand so there are no stockouts
To minimize labor costs
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A items usually account for about 50% of the total usage value
About 50% of the items usually account for 5% of the value
C items should be given top priority in inventory management
All inventory items should be managed in the same way
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Regular shipments of cut flowers direct to a florist shop
Regular shipments of iron ore
Regular shipments of grain
Emergency maintenance parts
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Distribution inventory
Protective packaging
Shop floor control
Order processing
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Physical distribution provides a bridge between marketing and production
Physical distribution is a factor creating customer demand
Replenishment orders to replace field warehouse stocks will not affect production
Both A and B are true
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Unitization
Consolidation
Cube utilization
Packaging
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