QUESTIONS WITH CORRECT ANSWERS
◉ A typical inventory address will include the building number, aisle
number, bay, and level. Answer: True
◉ Which method supports the production of manufacturing
principle that calls for producing the necessary units and the
necessary quantities of the necessary time? Answer: Just-in-time
inventory control
◉ Reverse inventory control (returns) is sometimes done by a
separate department in the warehouse/distribution center because
it may involve the physical inspection of the product. Answer: True
◉ Which of these software programs allows frontline logistics
employees to input a variety of inventory information such as
quantity, location, status and other relevant data for the purpose of
controlling the movement and storage of materials within a
warehouse/ distribution Center? Answer: Warehouse management
system
◉ Logistics companies use a number of approaches for determining
when products need to be restocked. Which approach calls for the
use of a plan that orders products wants inventory of that product
, fall below a certain predetermined amount? Answer: Fixed order
quantity system
◉ Which accounting method is associated with the ABC inventory
control method? Answer: Cycle count
◉ The type of inventory determines the treatment it receives
throughout the supply chain. Which of the following consist of
component inventory used to feed into production of manufacturing
lines? Answer: Raw material stock
◉ Aggregate inventory management involves managing the
inventory at the individual item level, rather than at the level of the
entire inventory of warehouse or distribution center. Answer: False
◉ Inventories are materials and supplies carried on hand either for
sale or to provide material or supplies to the production process.
Answer: True
◉ Which approach calls for the monitoring of stock levels and
expected production to determine how much needs to be ordered at
any given time? Answer: Material requirements planning