WorksheetsBASIC INVENTORY PLANNING MANAGEMENT
Total questions: 10
Worksheet time: 5mins
It measures how long it takes a company on average to complete a customer order. It is the time gap between two consecutive deliveries; the time required to complete one delivery after another has been completed.
Order Cycle Time
Inventory Turnover
Supplier Quality Index
Cost of Carrying Inventory
The following are the benefits of Inventory KPIs, except:
Improve Operational & Employee Efficiency
Foster a Financial-viable Business
Increase Sales & Revenue
Provides performance feedback
These are metrics that help businesses collect the data they need to effectively manage their inventory and evaluate its impact on their business performance, sales, turnover, overall profitability, and more.
Warehouse Productivity Measures
Inventory Measures
Inventory Management KPIs
Inventory Management
It quantifies how effectively an organization delivers complete, accurate and damage-free orders to customers on time.
Inventory Performance
Order Pick, Pack and Ship Accuracy
Cost of Carrying Inventory
Perfect Order performance
With ______, you’re less likely to order inventory beyond market demand. Further, this Inventory KPI can also clue you in on when to order more stock than normal, so you never miss a chance for growth.
Supplier Quality Index
Inventory Turnover
Demand Forecast
Gross Contribution Margin
There are two approaches used in calculating inventory turnover, the first is by dividing sales by average inventory for a specific period. The second is to divide the cost of goods sold (COGS) by average inventory for a specific period.
Both statements are true
Both statements are false
First statement is true, second statement is false
First statement is false, second statement is true
This measures how often a manufacturer’s inventory is sold, replaced or turned over in a specific period.
Carrying Cost of Inventory
Inventory Turnover
Supplier Quality Index
Key Performance Index
Which among the following is an example of Inventory KPI benefits?
Customer Satisfaction
Increase in Sales and Revenue
Efficient warehousing
All of the above
Stock management metrics must reflect your company’s _____ and reinforce contributions to those goals.
Dashboard
Strategic Objectives
Demand forecasting
Competition
It is a measure of your customer’s overall satisfaction with your services, products, and company. This includes the consistency of your company’s products with customer orders, order-to-delivery time, customer service, and more.
Demand Forecast Accuracy
Perfect Order Performance
Customer Satisfaction Levels
Fill Rate Effectiveness as a Percentage of All Order
