The price reductions offered to customers for large orders, to encourage them to purchase in large quantities is known as
READ MORE +Inventory Management MCQs
A company that maintains a sufficient safety margin by having extra inventory against certain situations is termed as ____
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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?
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The type of inventory method that comprises more number of accounting transactions is known as
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The economic order quantity formula is taken using
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In the ABC Analysis system the B category stands for
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Which among the following models is used to calculate the timing of the inventory order?
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Which among the following is the objective of the Enterprise Resource Planning system?
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An effective inventory management minimizes the investment in inventory by effectively meeting the ____
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Which among the following is a type of inventory system that is used to manage independent demand items?
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Which among the following systems deals with defining a well-defined process or procedure to manage distribution?
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The expense of shifting the packed orders into vehicles that would ship them is known as ____
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