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
Rate this question:
The distance moved
The packaging
Customer discounts
The perishability of the goods
Rate this question:
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
Rate this question:
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
Rate this question:
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
Rate this question:
Regular shipments of cut flowers direct to a florist shop
Regular shipments of iron ore
Regular shipments of grain
Emergency maintenance parts
Rate this question:
Distribution inventory
Protective packaging
Shop floor control
Order processing
Rate this question:
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
Rate this question:
Unitization
Consolidation
Cube utilization
Packaging
Rate this question:
Quiz Review Timeline (Updated): Mar 20, 2023 +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
Initial Order & Inventory Management
This quiz on 'Initial order & inventory management' assesses knowledge on managing initial cookie orders, including required documentation, order deadlines, and proper...
Questions:
5 |
Attempts:
604 |
Last updated:
Mar 20, 2023
|
Inventory Management Quiz Questions
Do you know about inventory management? We have designed this quiz to test your knowledge regarding the basics of inventory management and its related concepts. If you think you...
Questions:
21 |
Attempts:
6793 |
Last updated:
May 01, 2023
|
Phones Review: Chapter 4
This quiz titled 'Phones Review: Chapter 4' assesses knowledge on inventory management, specifically focusing on back order processes. It covers when to charge customers, shipping...
Questions:
17 |
Attempts:
129 |
Last updated:
May 14, 2024
|
|
Manage Issues, Transfers And Returns (Inventory Usage)
This quiz focuses on managing issues, transfers, and returns in inventory usage, assessing skills in navigating inventory applications, understanding reservations, and the...
Questions:
10 |
Attempts:
244 |
Last updated:
Mar 20, 2023
|
Chapter 5: About Purchasing The Right Quantities
This quiz from Chapter 5 focuses on purchasing the right quantities in a business setting. It assesses understanding of data sources like standardized recipes and inventory...
Questions:
10 |
Attempts:
458 |
Last updated:
Aug 25, 2023
|
Business Quiz: Inventory Management- II
This Business Quiz: Inventory Management-II assesses understanding of stockkeeping units, economic order quantities, and safety stock. It explores how inventory costs are...
Questions:
10 |
Attempts:
383 |
Last updated:
Oct 01, 2024
|
Wait!
Here's an interesting quiz for you.