Exam (elaborations)
CSCMP INVENTORY MANAGEMENT PRACTICE QUESTIONS WITH ACTUAL SOLUTIONS
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CSCMP INVENTORY MANAGEMENT PRACTICE QUESTIONS WITH ACTUAL SOLUTIONS
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CSCMP INVENTORY MANAGEMENTPRACTICE QUESTIONS WITH ACTUAL
SOLUTIONS
Inventory hhcan hhbe hhdefined hhas:
A. hhRaw hhmaterials, hhwork hhin hhprocess, hhfinished hhgoods, hhmerchandise, hhspare
hhparts hhand hhother hhoperating hhsupplies, hhwhich hhmay hhbe hhfound hhin hhfactories,
hhwarehouses, hhretail hhstores, hhor hhother hhtypes hhof hhfacilities
B. hhOnly hhthe hhfinished hhgoods hhin hha hhstore
C. hhOnly hhthe hhgoods hhpurchased hhto hhsupply hhcustomer hhneeds
D. hhOnly hhthe hhmaterials hhin hha hhdistribution hhcenter hh- hhAnswerA
What hhis hhone hhof hhthe hhgreatest hhchallenges hhin hhmanaging hhinventory?
A. hhObtaining hhan hhaccurate hhdemand hhplan
B. hhCarrying hhenough hhinventory hhto hhcover hhall hhemergencies
C. hhHaving hha hhresponsive hhprocurement hhsystem
D. hhBalancing hhservice hhwith hhdemand hh- hhAnswerD
Firms hhhold hhinventory hhfor hhwhich hhreason?
A. hhTo hhmeet hhthe hhneeds hhof hhshareholders
B. hhTo hhmeet hhthe hhneeds hhof hhcustomers
C. hhFirms hhdo hhnot hhneed hhto hhhold hhinventory
D. hhTo hhreduce hhinvestment hh- hhAnswerB
Cycle hhstock hhis hhheld:
A. hhTo hhprotect hhagainst hhuncertainties hhin hhdemand
B. hhIn hhadvance hhof hhthe hhseason hhduring hhwhich hhit hhwill hhbe hhneeded
C. hhFor hhrapid hhresponse hhto hhmarketing hhpromotions
D. hhTo hhrespond hhto hhnormal hhdemand hhor hhconsumption hh- hhAnswerD
Inventory hhmanagement hhis hha hhmeans hhof hh:
A. hhManaging hhmanufacturing hhoperations
B. hhIncreasing hhthe hhlevels hhof hhinventory hhheld hhthroughout hha hhcompany
, C. hhControlling hhthe hhflow hhof hhproducts hhinto, hhwithin, hhand hhout hhof hhan
hhorganization
D. hhEliminating hhthe hhpurchase hhof hhinventory hh- hhAnswerC
Measuring hhinventory hhturnover hhinvolves:
A. hhCounting hhand hhmonitoring hhinventory
B. hhMeasuring hhthe hhrate hhat hhwhich hhinventory hhmoves hhthrough hha hhfacility
C. hhDetermining hhhow hhmuch hhinventory hhto hhhold
D. hhCounting hhall hhitems hhat hhvarying hhtimes hhon hha hhprescheduled hhbasis hh-
hhAnswerB
A hhkey hhresponsibility hhin hhinventory hhmanagement hhis hhforecasting hhthe hhamount
hhof hhinventory hhthat hhwill hhbe hhrequired hhover hha(n):
A. hhSet hhperiod hhof hhtime hhto hhmeet hhcustomer hhneeds
B. hhSet hhperiod hhof hhtime hhto hhmeet hhsome hhcustomer hhneeds
C. hhSet hhperiod hhof hhtime hhto hhmeet hhcompetitor hhneeds
D. hhIndefinite hhperiod hhof hhtime hhto hhmeet hhcustomer hhneeds hh- hhAnswerA
The hhduties hhof hhan hhinventory hhmanagement hhemployee hhinclude:
A. hhMaintaining hhhigh hhlevels hhof hhstock hhat hhany hhcost
B. hhPurchasing hhreplenishment hhstock
C. hhPhysical hhinspection hhof hhall hhgoods hhreceived
D. hhMaintaining hhaccurate hhand hhacceptable hhinventory hhlevels hh- hhAnswerD
Firms hhhold hhsafety hhstock hh(buffer hhstock) hhfor hhwhat hhreason?
A. hhTo hhprotect hhagainst hhexpected hhand hhpossible hhprice hhincreases hhor
hhconstrained hhavailability
B. hhTo hhhave hhin hhadvance hhof hhthe hhseason hhduring hhwhich hhthe hhstock hhwill hhbe
hhneeded
C. hhTo hhallow hhfor hha hhquick hhand hheffective hhresponse hhto hha hhmarketing
hhpromotion hhor hhprice hhdeal
D. hhTo hhprotect hhagainst hhuncertainties hhin hhthe hhsupply hhchain hh- hhAnswerD
What hhtypes hhof hhindustries hhrequire hhsignificant hhseasonal hhstock?
A. hhAutomotive hhand hhautomotive hhafter-market
B. hhWholesale hhand hhretail hhfood
C. hhApparel, hhsporting hhgoods, hhand hhspecialty hhholiday
D. hhHome hhimprovement hhand hhconstruction hh- hhAnswerC
ABC hhanalysis hhconsiders hhwhich hhelement hhor hhelements hhto hhdetermine hhwhich
hhitems hhare hhmost hhimportant hhand hhrequire hhthe hhmost hhattention?
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