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BPT1501 Assignment 7 Study Guide – Exam Questions and Answers (2026/2027 Update)

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Master the key concepts of inventory management with this concise study guide for BPT1501 Assignment 7. Updated for the 2026/2027 academic year, this resource includes clear answers to essential exam questions covering inventory categories, cost types, EOQ model, reorder points, ABC analysis, and RFID systems. Ideal for students preparing for exams or assignments in supply chain, operations, or inventory control courses.

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BPT1501 ASSIGNMENT 7 STUDY
GUIDE EXAM QUESTIONS AND
ANSWERS 2026/2027 NEW UPDATE


What are the four broad categories of inventory? - ANS✔✔---
raw materials work-in-progress finished goods maintenance,
repair & operations (MRO)




What are the inventory cost categories? - ANS✔✔---direct,
indirect, fixed, variable, order/setup, holding/carrying




What is inventory turn ratio? - ANS✔✔---how many times
inventory can turn over in a given period




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