Storage Management Quiz

What are the objectives of storage management?

• To ensure data availability and reliability

• To minimize storage costs

• To optimize storage performance

• All of the above

Which of the following is a typical activity of a storeroom manager?

• Inventory management

• Customer service

• Product development

• Marketing strategy

How does a perpetual inventory work?

• It continuously updates inventory records after each transaction.

• It updates inventory records at the end of the accounting period.

• It requires a physical count of inventory at regular intervals.

• It uses a manual system to track inventory levels.

What is the main difference between theft and pilferage?

• Theft involves taking large amounts of items, while pilferage involves small amounts.

• Theft is a legal term, while pilferage is not.

• Theft is done openly, while pilferage is done secretly.

• Theft is a minor crime, while pilferage is a major crime.

What does "Inventory turnover" refer to?

• The number of days it takes for a supplier to deliver products

• Cost of sales / total revenue

• The rate at which inventory is converted to revenue during a given period

• Another term for “FIFO”

What is a requisition?

• Document signed by managers after receiving goods from the stores

• Daily purchases

• A form for purchasing food products

• A form for requesting inventory

What is a time-temperature indicator (TTI)?

• A digital thermometer with a built-in clock

• Shows the accumulated time-temperature history of a product

• An electric thermometer

• Is used to calibrate fridges’ thermometers

Issuing is

• Warning staff about a health risk

• Transfers between restaurants

• When suppliers deliver food products

• Releasing food products from storage

Physical inventories

• Reduce spoilage

• Are used for the calculation of cost of sales

• Are performed at least once per month

• All of the above

Cooling and reheating are control points.

• True

• False