Inventory in Purchasing and Supply Chain Management MCQs
Inventory in Purchasing and Supply Chain Management MCQs
The following Inventory in Purchasing and Supply Chain Management MCQs have been compiled by our experts through research, in order to test your knowledge of the subject of Inventory in Purchasing and Supply Chain Management. We encourage you to answer these multiple-choice questions to assess your proficiency.
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1: _______ is Something that makes a company superior to its opponents in terms of value, differentiation, and focus .
A. Competitive advantage
B. Continuous systems
C. Dependent demand
D. Independent demand
2: Produce nonstandard products through an assembly line is called Continuous systems.
A. True
B. False
3: The ______ demand for a good or service that is derived from a second product or service.
A. Dependent
B. Independent
C. Autonomous
D. None of these
4: The demand for end items (ee distribution items, finished goods, spare parts) is known as _____ demand .
A. Dependent
B. Independent
C. Autonomous
D. None of these
5: Producing standardized products through a job shop is known as Intermittent systems.
A. True
B. False
6: Lot-sizing procedure Process based on the maximization of the sum of ordering and inventory carrying costs subject to meeting all requirements for each period.
A. True
B. False
7: This statement true or not ?
A. Material requirements planning is a production planning and control system used to manage manufacturing processes.
B. True
C. False
8: Quality at which a price is fixed is known as price break
A. True
B. False
9: ____ is an extra inventory held to protect against randomness in demand or lead time.
A. Emergency reserves
B. Safety stock
C. Unavoidable costs
D. Uncertainty in demand
10: Delays release of orders for components until they are needed and offsets the requirements by item ______.
A. lead time
B. Preparedness
C. Groundwork
D. Training
11: Unavoidable costs
A. Ordering costs
B. stock-out costs
C. and holding costs
D. All of these
12: Occurs during times when a business is unable to accurately predict consumer demand for its products or services is known as ___ in demand.
A. Dependent
B. Independent
C. Autonomous
D. Uncertainty
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Inventory in Purchasing and Supply Chain Management MCQs
