Exam 9: Inventory Fundamentals

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are materials that have entered the production process and are materials that are used in the production process but do not become part of the product. I. Raw materials II. Work in process III. Finished goods IV. Maintenance, repair and operational supplies

(Multiple Choice)

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Question 21

Which of the following is NOT a cost of carrying inventory?

(Multiple Choice)

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Question 22

In managing inventory, the problem is to balance the inventory investment with: I. Customer service. II) Costs associated with changing production levels. III) Costs of placing orders. IV) Transportation costs.

(Multiple Choice)

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Question 23

Transportation inventories can be reduced by:

(Multiple Choice)

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Question 24

Which of the following represents a major method to establish a forecast for the need for MRO Supplies?

(Multiple Choice)

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Question 25

Which of the following costs are relevant to inventory management decisions?

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Question 26

Which of the following statements is most accurate?

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Question 27

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are materials that have entered the production process and are materials that are used in the production process but do not become part of the product. I. Raw materials II. Work in process III. Finished goods IV. Maintenance, repair and operational supplies

Which of the following is NOT a cost of carrying inventory?

In managing inventory, the problem is to balance the inventory investment with: I. Customer service. II) Costs associated with changing production levels. III) Costs of placing orders. IV) Transportation costs.

Transportation inventories can be reduced by:

Which of the following represents a major method to establish a forecast for the need for MRO Supplies?

Which of the following costs are relevant to inventory management decisions?

Which of the following statements is most accurate?

Introduction to Materials Management

Production Planning System

Master Scheduling

Material Requirements Planning

Capacity Management

Production Activity Control

Purchasing

Forecasting

Order Quantities

Independent Demand Ordering Systems

Physical Inventory and Warehouse Management

Physical Distribution

Products and Processes

Lean Production

Total Quality Management

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