
Inventory
Authored by ShuBee S
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University
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16 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Larger volumes usually result in larger discounts.
Get discount and reduce ordering cost
Get discount and reducing handling cost
to ensure the security of the goods
Seasonal stocks
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Seasonality can apply in the supply of raw materials, the demand for finished goods, or both.
Batching economies or cycle stocks
Uncertainty and safety stocks
In-transit or work-in-process stock:
Seasonal stocks
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The goods are not finish product and yet to be ready to be sold
Batching economies or cycle stocks
Uncertainty and safety stocks
In-transit or work-in-process stock:
Seasonal stocks
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
As a buyer, it is difficult to accurately forecast customer demand. As a seller, it is impossible to assume suppliers will always delivery materials on time. How to solve it?
Batching economies or cycle stocks
Uncertainty and safety stocks
In-transit or work-in-process stock:
Seasonal stocks
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
This is when a company forecast that an unusual event might happen that will negatively impact the source of supply. This can be strikes, significant price increase, supply shortage, political unrest, or weather changes.
Seasonal stocks
Anticipatory stocks
work-in-process stock
cycles stock
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
It is a lost opportunity from investing in capital elsewhere. Many large organizations borrow money to fund operations, accumulating loan interest over time.
Inventory service cost
In-transit inventory carrying cost
Capital cost: Sometimes called interest or opportunity cost,
Storage space cost
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Handling costs associated with moving products into and out of inventory as well as storage costs such as rent, heating, and lighting. Raw materials might require less costs, while finished goods inventories typically require more sophisticated storage facilities
Inventory service cost
In-transit inventory carrying cost
Capital cost: Sometimes called interest or opportunity cost,
Storage space cost
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