GELC_U02

The cycle stock is the amount that allows:

• Covering an expected increase in sales due to a seasonal change.

• Covering demand between two supply orders.

• Covering unexpected demands or delays in supply.

• None of them.

The display stock represents:

• The amount of items displayed on the shelves.

• The stock that allows replenishing the warehouse between receiving two orders.

• The maximum stock that should be held of an item.

• The stock that has been sold.

A high turnover means:

• That products are renewed slowly.

• That products are renewed quickly.

  .

• That the level of stock is high.

• None of them.

The average maturity period represents:

• The time it takes, on average, for the investment in raw materials until the recovery of it through the collection of payment for finished products.

• The number of times, on average, the investment in merchandise is recovered.

• The time it takes, on average, for the investment in raw materials until the recovery of it through the collection of payment for finished products minus the time taken to pay to the suppliers.

• None of them.

The safety stock is created to:

• Cover an expected increase in sales due to seasonal changes.

• Cover demand between two supply orders.

• Cover unexpected demands or delays in supply.

• All of them.

The stock level is:

• The number of references of each item.

• The amount of items that can be stored according to the capacity of the premises.

• The number of units of an item stored at a given time.

• The money of a company stored at a given time.

Stock turnover ratio (R) measures:

• The number of times finished products are sold over a year.

• The number of times stock is renewed over a year.

• The number of times raw materials are sold over a year.

• The number of times an investment in raw material is renewed over a year.

The time from the point that a company processes an order to the point it gets delivered to the customer is called:

• Delivery time.

• Lead time.

• Reorder point.

• None of them.

When all the stock of a company is sold and we can no longer serve the customer is named:

• Off stock.

• Stockoff.

• Stockout.

• Run out.

It is not an objective of supply planning:

• Ensure a sufficient inventory.

• Minimize investment in inventory.

• Collaborate with the purchasing department.

• All of them are objectives of supply planning.