
Inventory Management Vocabulary
Authored by James Greer
Business, Other
9th - 12th Grade
18 Questions
Used 46+ times

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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Those items on which all manufacturing operations, including final test, have been completed.
Finished goods
Safety Stock
Physical Inventory
Reorder Point
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A count of all product that has completed the manufacturing process and is ready to be shipped or sold.
Inventory Shrinkage
Safety Stock
Stock Keeping Unit
Finished Goods Inventory
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Those stocks or items used to support production (raw materials and work-in-process items.
Stock Keeping Unit
Inventory
Finished Goods
Usage
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The branch of business management concerned with planning and controlling inventories.
Inventory Management
Inventory Planning
Inventory Order System
Physical Inventory
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Inventory models for the replenishment of inventory.
Inventory Order System
Inventory Shrinkage
Inventory Policies
Reorder Point
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The activities and techniques of determining the desired levels of items.
Inventory Planning
Inventory Policies
Inventory Management
Inventory Shrinkage
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A ststement of a company's goals and approach to the management of inventories.
Inventory Management
Inventory Policies
Inventory Shrinkage
Mean Absolute Deviation
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