Stock control methods

Froggy Jumps

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Challenge your knowledge of stock and methods.

Creada por

Abel Guevara Velasquez

Costa Rica

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Froggy Jumps Stock control methodsVersión en línea Challenge your knowledge of stock and methods. por Abel Guevara Velasquez 1 ¿What does FIFO mean? a First Out, Last In b Last In, Last Out c First In, First Out 2 What method is frequently used for perishable and deteriorating products? a LIFO b FIFO c EOQ 3 Which method orders by stock cost to minimize ordering and holding costs? a EOQ (Economic Order Quantity) b JIT c ABC Analysis 4 Which method assumes that the last in are the first out? a FIFO b JIT c LIFO 5 Which method reduces inventory by keeping only what is needed for production? a Just In Time (JIT) b EOQ c Cycle Counting 6 What analysis classifies inventory according to its value or relevance? a ABC Analysis b EOQ c Cycle Counting 7 What system updates records with each transaction to ensure stock is visible at all times? a Two-bin System b Perpetual Inventory System c Periodic Inventory System 8 What term describes the minimum stock level needed to avoid stockouts? a Safety Stock b ROP c Point of Reordering 9 Which technique uses regular counting of small quantities to maintain control? a Physical Inventory b VMI c Cycle Counting 10 What term describes a management system where the supplier manages the customer's stock? a ABC Analysis b Vendor Managed Inventory (VMI) c JIT

Froggy Jumps

Stock control methodsVersión en línea

Challenge your knowledge of stock and methods.

por Abel Guevara Velasquez

¿What does FIFO mean?

First Out, Last In

Last In, Last Out

First In, First Out

What method is frequently used for perishable and deteriorating products?

LIFO

FIFO

EOQ

Which method orders by stock cost to minimize ordering and holding costs?

EOQ (Economic Order Quantity)

JIT

ABC Analysis

Which method assumes that the last in are the first out?

FIFO

JIT

LIFO

Which method reduces inventory by keeping only what is needed for production?

Just In Time (JIT)

EOQ

Cycle Counting

What analysis classifies inventory according to its value or relevance?

ABC Analysis

EOQ

Cycle Counting

What system updates records with each transaction to ensure stock is visible at all times?

Two-bin System

Perpetual Inventory System

Periodic Inventory System

What term describes the minimum stock level needed to avoid stockouts?

Safety Stock

ROP

Point of Reordering

Which technique uses regular counting of small quantities to maintain control?

Physical Inventory

VMI

Cycle Counting

What term describes a management system where the supplier manages the customer's stock?

ABC Analysis

Vendor Managed Inventory (VMI)

JIT

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Stock control methods

Froggy Jumps

Sobre esta actividad

Creada por

Descarga la versión para jugar en papel

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Froggy Jumps

Stock control methodsVersión en línea

por Abel Guevara Velasquez

¿What does FIFO mean?

What method is frequently used for perishable and deteriorating products?

Which method orders by stock cost to minimize ordering and holding costs?

Which method assumes that the last in are the first out?

Which method reduces inventory by keeping only what is needed for production?

What analysis classifies inventory according to its value or relevance?

What system updates records with each transaction to ensure stock is visible at all times?

What term describes the minimum stock level needed to avoid stockouts?

Which technique uses regular counting of small quantities to maintain control?

What term describes a management system where the supplier manages the customer's stock?

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