Business Quiz: Inventory Management- III

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

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

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

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

Distribution inventory

Protective packaging

Shop floor control

Order processing

Transportation

Production control

Distribution inventory

Warehousing

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

Regular shipments of cut flowers direct to a florist shop

Regular shipments of iron ore

Regular shipments of grain

Emergency maintenance parts

The distance moved

The packaging

Customer discounts

The perishability of the goods

Unitization

Consolidation

Cube utilization

Packaging