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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 khhcan khhbe khhdefined khhas:
A. khhRaw khhmaterials, khhwork khhin khhprocess, khhfinished khhgoods, khhmerchandise,
khhspare khhparts khhand khhother khhoperating khhsupplies, khhwhich khhmay khhbe khhfound
khhin khhfactories, khhwarehouses, khhretail khhstores, khhor khhother khhtypes khhof khhfacilities
B. khhOnly khhthe khhfinished khhgoods khhin khha khhstore
C. khhOnly khhthe khhgoods khhpurchased khhto khhsupply khhcustomer khhneeds
D. khhOnly khhthe khhmaterials khhin khha khhdistribution khhcenter khh- khhAnswerA
What khhis khhone khhof khhthe khhgreatest khhchallenges khhin khhmanaging khhinventory?
A. khhObtaining khhan khhaccurate khhdemand khhplan
B. khhCarrying khhenough khhinventory khhto khhcover khhall khhemergencies
C. khhHaving khha khhresponsive khhprocurement khhsystem
D. khhBalancing khhservice khhwith khhdemand khh- khhAnswerD
Firms khhhold khhinventory khhfor khhwhich khhreason?
A. khhTo khhmeet khhthe khhneeds khhof khhshareholders
B. khhTo khhmeet khhthe khhneeds khhof khhcustomers
C. khhFirms khhdo khhnot khhneed khhto khhhold khhinventory
D. khhTo khhreduce khhinvestment khh- khhAnswerB
Cycle khhstock khhis khhheld:
A. khhTo khhprotect khhagainst khhuncertainties khhin khhdemand
B. khhIn khhadvance khhof khhthe khhseason khhduring khhwhich khhit khhwill khhbe khhneeded
C. khhFor khhrapid khhresponse khhto khhmarketing khhpromotions
D. khhTo khhrespond khhto khhnormal khhdemand khhor khhconsumption khh- khhAnswerD
Inventory khhmanagement khhis khha khhmeans khhof khh:
A. khhManaging khhmanufacturing khhoperations
B. khhIncreasing khhthe khhlevels khhof khhinventory khhheld khhthroughout khha khhcompany
, C. khhControlling khhthe khhflow khhof khhproducts khhinto, khhwithin, khhand khhout khhof khhan
khhorganization
D. khhEliminating khhthe khhpurchase khhof khhinventory khh- khhAnswerC
Measuring khhinventory khhturnover khhinvolves:
A. khhCounting khhand khhmonitoring khhinventory
B. khhMeasuring khhthe khhrate khhat khhwhich khhinventory khhmoves khhthrough khha khhfacility
C. khhDetermining khhhow khhmuch khhinventory khhto khhhold
D. khhCounting khhall khhitems khhat khhvarying khhtimes khhon khha khhprescheduled khhbasis
khh- khhAnswerB
A khhkey khhresponsibility khhin khhinventory khhmanagement khhis khhforecasting khhthe
khhamount khhof khhinventory khhthat khhwill khhbe khhrequired khhover khha(n):
A. khhSet khhperiod khhof khhtime khhto khhmeet khhcustomer khhneeds
B. khhSet khhperiod khhof khhtime khhto khhmeet khhsome khhcustomer khhneeds
C. khhSet khhperiod khhof khhtime khhto khhmeet khhcompetitor khhneeds
D. khhIndefinite khhperiod khhof khhtime khhto khhmeet khhcustomer khhneeds khh- khhAnswerA
The khhduties khhof khhan khhinventory khhmanagement khhemployee khhinclude:
A. khhMaintaining khhhigh khhlevels khhof khhstock khhat khhany khhcost
B. khhPurchasing khhreplenishment khhstock
C. khhPhysical khhinspection khhof khhall khhgoods khhreceived
D. khhMaintaining khhaccurate khhand khhacceptable khhinventory khhlevels khh- khhAnswerD
Firms khhhold khhsafety khhstock khh(buffer khhstock) khhfor khhwhat khhreason?
A. khhTo khhprotect khhagainst khhexpected khhand khhpossible khhprice khhincreases khhor
khhconstrained khhavailability
B. khhTo khhhave khhin khhadvance khhof khhthe khhseason khhduring khhwhich khhthe khhstock
khhwill khhbe khhneeded
C. khhTo khhallow khhfor khha khhquick khhand khheffective khhresponse khhto khha khhmarketing
khhpromotion khhor khhprice khhdeal
D. khhTo khhprotect khhagainst khhuncertainties khhin khhthe khhsupply khhchain khh- khhAnswerD
What khhtypes khhof khhindustries khhrequire khhsignificant khhseasonal khhstock?
A. khhAutomotive khhand khhautomotive khhafter-market
B. khhWholesale khhand khhretail khhfood
C. khhApparel, khhsporting khhgoods, khhand khhspecialty khhholiday
D. khhHome khhimprovement khhand khhconstruction khh- khhAnswerC
ABC khhanalysis khhconsiders khhwhich khhelement khhor khhelements khhto khhdetermine
khhwhich khhitems khhare khhmost khhimportant khhand khhrequire khhthe khhmost khhattention?
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