Inventory Management MCQs

………… purchase means the purchase of goods or material such that delivery immediately precedes their use

April 29, 2022

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………… purchase means the purchase of goods or material such that delivery immediately precedes their use

Q. ………… purchase means the purchase of goods or material such that delivery immediately precedes their use.

A. Economic order quantity

B. Reorder point

C. Re-order Quantity

D. Just in time (JIT)

Answer: Just in time (JIT)

………… purchase means the purchase of goods or material such that delivery immediately precedes their use

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Which of these is not a Material control technique?

………… purchase means the purchase of goods or material such that delivery immediately precedes their use

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(Maximum usage – Average Usage) × Lead Time = ?

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