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Stock Control Methods Quiz

Authored by Victoria Price

Business

11th Grade

Used 1+ times

Stock Control Methods Quiz
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16 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary characteristic of Just-in-Case (JIC) stock control?

Keeping minimal stock to reduce storage costs

Maintaining large amounts of stock to ensure continuous operation

Relying on frequent deliveries to meet demand

Using technology to automate stock reordering

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a disadvantage of JIC stock control?

Reduced delivery costs

High storage costs

Minimal waste

No buffer stock

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main benefit of buffer stock in JIC stock control?

Reduces storage costs

Ensures operation during delivery delays or demand spikes

Eliminates the need for suppliers

Increases waste

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In Just-in-Time (JIT) stock control, what is essential for its success?

Large storage facilities

Good relationship with suppliers

High buffer stock levels

Long lead times

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which stock control method involves using computer software to automatically reorder stock?

Just-in-Case (JIC)

Just-in-Time (JIT)

Computerised stock control

Manual stock control

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What technology is commonly used in supermarkets for stock control?

Manual counting

EPOS and barcode scanners

Paper records

Verbal communication

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key advantage of computerised stock control systems?

Increases manual errors

Ensures accurate stock levels

Requires more staff

Reduces supplier relationships

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