Inventory Management Quiz

Inventory Management Quiz

Professional Development

•

25 Qs

quiz-placeholder

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Inventory Management Quiz

Inventory Management Quiz

Assessment

Quiz

•

Business

•

Professional Development

•

Easy

Created by

Remil Yabut

Used 1+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a vital component of a successful supply chain?

Inventory Management

Cost Optimization

Customer Satisfaction

Competitive Advantage

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What can proper inventory management significantly reduce?

Operational costs

Customer satisfaction

Lead times

Market changes

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does effective inventory management ensure?

Products are available when needed

Higher operational costs

Increased lead times

Less customer loyalty

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of vendor-managed inventory (VMI)?

Supplier takes responsibility for inventory

Customer manages inventory

Supplier reduces costs

Customer increases stock levels

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What can demand fluctuations lead to?

Excess or insufficient inventory

Stable inventory levels

Increased customer satisfaction

Lower operational costs

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What role does technology play in inventory management?

Streamlining operations and improving efficiency

Increasing manual processes

Reducing data accuracy

Minimizing tracking

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step in continuous improvement in inventory management?

Data analysis and benchmarking

Increasing inventory levels

Reducing employee training

Minimizing technology adoption

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