Inventory Management MCQs

Under which of the following inventory control technique, the maximum and minimum level of each stock is laid down

April 27, 2022

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Under which of the following inventory control technique, the maximum and minimum level of each stock is laid down

Q. Under which of the following inventory control technique, the maximum and minimum level of each stock is laid down

A. Min-max plan

B. Two bin system

C. Order cycle system

D. ABC analysis

Answer: Min-max plan

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Under which of the following inventory control technique, the maximum and minimum level of each stock is laid down

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Bill of material acts as an authorization to the store’s department in procuring the material and all the materials listed on the bill is sent to the

Under which of the following inventory control technique, the maximum and minimum level of each stock is laid down

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A company requires 1,500 units, of an item per month. The cost of each unit is Rs. 30. The cost of placing an order is Rs. 200 and the material carrying charges work out to be 20% of the average material. The economic order quantity (EOQ) is

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