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Inventory And Production Management Quiz 5 (25 MCQs)

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1. Buffering Uncertainty is related to what?
2. Managing purchases may also include _____
3. Total storage cost =?
4. Which type of retail inventory management is where a company sells in multiple different places, usually a combination of online websites and marketplaces?
5. What type of retail inventory management is where a company sells over the internet via an ecommerce website or marketplace?
6. Move materials through the operations within the organization
7. Which of the following costs is NOT considered a carrying cost for inventory?
8. To avoid stock outs (shortage/out of stock), a safety stock function called _____ is held.
9. What does redata mean?
10. Which of the following company objectives are in conflict?
11. The branch of business management concerned with planning and controlling inventories.
12. How many aspects are there in the Segment Strategy Definition?
13. The following things make inventory inefficient, EXCEPT
14. What does HIFO, an inventory method based upon the concept of the inventory costing the most will be the first to be used or taken out of stock, stand for?
15. JIT is likely to be of most use in which one of the following situation?
16. An example of a good vendor would be _____
17. Too little inventory leads to _____
18. The following factors affect HPP, except:
19. Subset of the larger Supply Chain Management
20. _____ is not a counting system that can be utilised when counting inventory.
21. The point at which a business orders more of a product before inventory gets too low is:
22. What is the other name for inventory?
23. Take material from departure area
24. Advantages of cycle counting
25. A span of time required to perform a process ( or series of operations.The time between the recognition of the need for an order and the receipt of goods.
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