Inventory Management MCQs

___is a value-based system of inventory control, in which materials are analyzed according to their value so that costly and more valuable materials are given greater attention

April 28, 2022

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___is a value-based system of inventory control, in which materials are analyzed according to their value so that costly and more valuable materials are given greater attention

Q. ___is a value-based system of inventory control, in which materials are analyzed according to their value so that costly and more valuable materials are given greater attention

A. MAX-MIN plan

B. Review of slow and non-moving items

C. ABC Analysis

D. Order cycling system

Answer: ABC Analysis

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___is a value-based system of inventory control, in which materials are analyzed according to their value so that costly and more valuable materials are given greater attention

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Which of the following is not correct for the calculation of the re-ordering level of inventory?

___is a value-based system of inventory control, in which materials are analyzed according to their value so that costly and more valuable materials are given greater attention

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In the technique of inventory control, quantities in the hand of each item or class of stock are reviewed periodically say 30, 45, or 60 days

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