BME 1- QUIZ (Chap 6)

Stocking too much inventory requires a lot of capital.

• TRUE

• FALSE

Risk cannot be avoided, but they can be controlled and mitigated.

• TRUE

• FALSE

Many ERP software application are critical to companies because they help them implement resources planning by integrating all the process needed to run their companies.

• TRUE

• FALSE

A disruption in the supply chain occurs when something interferes with the manufacturing, selling or delivery of goods.

• TRUE

• FALSE

The material requirements planning system is an integrated information system used by business that is designed to centralize, integrate and process information for effective decision making in scheduling, design engineering., etc.

• TRUE

• FALSE

Sourcing is typically used when acquiring new goods or services.

• TRUE

• FALSE

One of the scopes of inventory management includes warehouse management.

• TRUE

• FALSE

The role of inventory management is to oversee and control the flow of goods and materials within a company’s supply chain.

• TRUE

• FALSE

Inventory optimization is the process of moving products from inventory storage to picking shelves, or receiving more inventory from the manufacturer.

• TRUE

• FALSE

A cost-effective inventory storage system helps you manage your inventory to meet customers expectations.

• TRUE

• FALSE