Inventory Management Quiz

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Time to know your abilities!!

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MUHAMMAD ALIF IMRAN MANSOR

Malasia

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Froggy Jumps Inventory Management QuizVersión en línea Time to know your abilities!! por MUHAMMAD ALIF IMRAN MANSOR 1 Which cost increases when inventory is stored for too long? a Ordering Cost b Holding Cost c Shortage Cost 2 Which of the following is NOT a function of inventory control? a Tracking stock levels b Ensuring production runs smoothly c Designing new products 3 The Reorder Point (ROP) helps to: a Decide when to place a new order b Reduce supplier prices c Measure warehouse size 4 If stockouts occur frequently, which cost will increase the most? a Holding Cost b Ordering Cost c Shortage Cost 5 What is the purpose of inventory control in operations management? a To minimize total cost while meeting demand b To increase supplier competition c To maximize warehouse size 6 Which of the following is considered part of service inventory control? a EOQ calculation b Preventing shrinkage or pilferage c ABC analysis 7 Why is controlling service inventories critical for profitability? a Because they directly affect customer satisfaction b Because they eliminate ordering costs c Because they reduce cycle time 8 Which action helps reduce losses in service inventories? a Allowing open access to storerooms b Tight control of goods leaving the facility c Ignoring small discrepancies in stock records 9 Which is an effective method for managing incoming shipments in service inventory? a Rely only on supplier records b Skip inspection to save time c Apply tight control and verification 10 In inventory management, “finished goods” fall under logistics responsibility because they are: a Completed products awaiting shipment b Raw materials purchased but not yet processed c Work-in-process items

Froggy Jumps

Inventory Management QuizVersión en línea

Time to know your abilities!!

por MUHAMMAD ALIF IMRAN MANSOR

Which cost increases when inventory is stored for too long?

Ordering Cost

Holding Cost

Shortage Cost

Which of the following is NOT a function of inventory control?

Tracking stock levels

Ensuring production runs smoothly

Designing new products

The Reorder Point (ROP) helps to:

Decide when to place a new order

Reduce supplier prices

Measure warehouse size

If stockouts occur frequently, which cost will increase the most?

Holding Cost

Ordering Cost

Shortage Cost

What is the purpose of inventory control in operations management?

To minimize total cost while meeting demand

To increase supplier competition

To maximize warehouse size

Which of the following is considered part of service inventory control?

EOQ calculation

Preventing shrinkage or pilferage

ABC analysis

Why is controlling service inventories critical for profitability?

Because they directly affect customer satisfaction

Because they eliminate ordering costs

Because they reduce cycle time

Which action helps reduce losses in service inventories?

Allowing open access to storerooms

Tight control of goods leaving the facility

Ignoring small discrepancies in stock records

Which is an effective method for managing incoming shipments in service inventory?

Rely only on supplier records

Skip inspection to save time

Apply tight control and verification

In inventory management, “finished goods” fall under logistics responsibility because they are:

Completed products awaiting shipment

Raw materials purchased but not yet processed

Work-in-process items

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Inventory Management Quiz

Froggy Jumps

Sobre esta actividad

Creada por

Descarga la versión para jugar en papel

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Inventory Management QuizVersión en línea

por MUHAMMAD ALIF IMRAN MANSOR

Which cost increases when inventory is stored for too long?

Which of the following is NOT a function of inventory control?

The Reorder Point (ROP) helps to:

If stockouts occur frequently, which cost will increase the most?

What is the purpose of inventory control in operations management?

Which of the following is considered part of service inventory control?

Why is controlling service inventories critical for profitability?

Which action helps reduce losses in service inventories?

Which is an effective method for managing incoming shipments in service inventory?

In inventory management, “finished goods” fall under logistics responsibility because they are:

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