NEW
Font size
WorksheetsInventory Introduction
Total questions: 10
Worksheet time: 5mins
Function of inventory intended to counter uncertainty in customer demand and ensure continuous operations
pipeline
decoupling
buffer
cycle
Type of inventory resulting from the time lag between placing an order and receiving it, typically due to geographic distances
transit
pipeline
cycle
finished goods
Which of the following is NOT typically considered a holding cost in inventory management?
Labor to inspect and put away items
Deterioration or obsolescence
Salaries of purchasing officers
Warehouse storage expenses
Function of inventory involve in maintaining intermediary stock between workstations to smooth workflow and reduce disruptions in production.
Cycle
Anticipation
Decoupling
Consumables
Full term of the acronym SKU in inventory management
Stock Knowledge Utility
Supply Keeping Unit
Stock Keeping Unit
Standard Kilo Unit
A type of inventory used for promotional events or seasonal demand surges
buffer
transit
spare and replacement parts
work-in-process
Type of inventory such as toner, envelopes, cleaning materials and light bulbs
finished goods
consumables
spare and replacement parts
work-in-process
Which company example demonstrates the use of decoupling inventory between stages of production?
Shoppee Xpress
Nestle Philippines
Robinsons Retail
Holdings
Mercury Drug Corporation
An inventory function which helps account for the delay between placing and receiving an order due to geographic distance?
Cycle
Pipeline
Decoupling
Buffer
How can improved inventory management influence shareholder value?
By decreasing taxes through depreciation
By increasing current liabilities
By increasing net profit and ROI
By increasing sales volume
