Inventory Management

What is the other name for inventory?

• Stock keeping unit

• Stock on hand

• Stock in place

• Stock to buy

Given the information below;

D - 4000 per year

HC - RM 9 per year

Setup cost - RM25

Lead time - 5 days

Working days per year - 250 days

Calculate EOQ, ROP and Average Q. Choose the right answer.

• 149.07 ,80 ,74.55

• 148.07, 80, 75

• 146.07, 80, 80

• 145.08, 79.90, 76

How many method under quantity discount?

• 2

• 3

• 1

• 4

What is the name of method under discount quantity?

• Holding cost same, Holding cost different

• Holding cost similar, Holding cost rare

• Holding cost constant, Holding cost not constant

• Holding cost flexible, Holding cost permanent

How many cost of inventories that you know?

• 6

• 3

• 2

• 4

Which one of the example below is not include under types of inventory?

• raw materials

• Maintenance , Repair , Operating

• Work in progress

• Dependant demand

Which one of the statement below is true? Function of Inventory.

• To slow production requirement

• To take advantages of EOQ

• To hedge against price hike

• To fulfill production from supplier

What is ABC system?

• A method of dividing on hand inventory into 3 classifications,

• A method of segregate the inventory into 3 classifications.

Inventory management relate to …….?

• dependant demand

• independent demand

• MRP

• BOM

Given EOQ is 250 units, because of customer need to choose the best Total Cost, what is the new EOQ for this formula if the 1st range is ( 1 - 100 ). Choose your answer below.

• 250

• 50

• 100

• 1