Inventory Management MCQs

A company that maintains a sufficient safety margin by having extra inventory against certain situations is termed as ____

April 28, 2022

425 Views

A company that maintains a sufficient safety margin by having extra inventory against certain situations is termed as ____

Q. A company that maintains a sufficient safety margin by having extra inventory against certain situations is termed as ____.

A. inventory

B. lot size

C. safety stock

D. lead

Answer: safety stock

A company that maintains a sufficient safety margin by having extra inventory against certain situations is termed as ____

Previous

Which among the following is a quantity of a specific item that is ordered from the supplier and issued as a standard quantity to the production process?

A company that maintains a sufficient safety margin by having extra inventory against certain situations is termed as ____

Next

The price reductions offered to customers for large orders, to encourage them to purchase in large quantities is known as

Related Articles

A publishing house purchases 2,000 units of a particular item per year at a unit cost of ₹ 20

A publishing house purchases 2,000 units of a particular item per year at a unit cost of ₹ 20. The ordering cost per order is ₹ 50 and the inventory carrying cost is 25%. How will be the total cost if company decides to buy in EOQ?

A manufacturer requires 9,600 units of a certain component annually

A manufacturer requires 9,600 units of a certain component annually. This is currently purchased from a regular supplier at ₹ 50 per unit. The cost of placing an order is ₹ 60 per order and the annual carrying cost is ₹ 5 per price. Annual ordering plus carrying cost = ?

The annual demand of a certain component bought from the market is 1,000 units

The annual demand of a certain component bought from the market is 1,000 units. The cost of placing an order is ₹ 60 and the carrying cost per unit is ₹ 3 p.a. The Economic Order Quantity for the item is ?

Cost of abnormal wastage is

Cost of abnormal wastage is

We will be happy to hear your thoughts

Leave a reply Cancel reply

You must be logged in to post a comment.