HLTHSS011 - Maintain Stock Inventory

How do we keep track of stock levels?

• By guessing the stock quantity

• By having a stock control system in place

• By asking customers

• By checking once a year

Which of the following is a benefit of having a stock control system?

• Meeting customers' needs

• Increasing stock prices

• Ignoring stock levels

• Delaying stock orders

What is one of the outcomes of having enough stock available?

• Meeting customers' needs

• Increasing waste

• Reducing sales

• Ignoring demand

What is a stock control policy?

• A method to increase sales

• A strategy to manage inventory

• A way to reduce employee numbers

• A plan to expand business locations

What should be considered to ensure there is enough stock on hand?

• Maximum stock requirement

• Minimum stock requirement of items on hand

• No stock requirement

• Excessive stock requirement

Why is it important to allow sufficient time for the delivery of items?

• To ensure items are delivered too early

• To allow for unexpected delays

• To avoid having any stock

• To confuse suppliers

What is a regular practice to maintain adequate stock levels?

• Regular stock checks

• Ignoring stock levels

• Random stock checks

• Annual stock checks

What does the FEFO method stand for?

• First-Expired, First-Out

• First-Entered, First-Out

• First-Expired, Last-Out

• First-Entered, Last-Out

What should be checked on packaged products for rotating stock?

• Expiry-Dates

• Manufacturing Dates

• Price Tags

• Brand Labels

Which method is used for storing perishable products?

• FEFO

• FIFO

• LIFO

• JIT