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Inventory in Purchasing and Supply Chain Management MCQ

Inventory in Purchasing and Supply Chain Management MCQ

1. Occurs during times when a business is unable to accurately predict consumer demand for its products or services is known as ___ in demand.

Answer

Correct Answer: Uncertainty

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2. Unavoidable costs

Answer

Correct Answer: All of these

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3. Delays release of orders for components until they are needed and offsets the requirements by item ______.

Answer

Correct Answer: lead time

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4. ____ is an extra inventory held to protect against randomness in demand or lead time.

Answer

Correct Answer: Safety stock

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5. Quality at which a price is fixed is known as price break

Answer

Correct Answer: False

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6. This statement true or not ?

Answer

Correct Answer: False

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7. Lot-sizing procedure Process based on the maximization of the sum of ordering and inventory carrying costs subject to meeting all requirements for each period.

Answer

Correct Answer: False

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8. Producing standardized products through a job shop is known as Intermittent systems.

Answer

Correct Answer: False

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9. The demand for end items (ee distribution items, finished goods, spare parts) is known as _____ demand .

Answer

Correct Answer: Independent

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10. The ______ demand for a good or service that is derived from a second product or service.

Answer

Correct Answer: Dependent

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11. Produce nonstandard products through an assembly line is called Continuous systems.

Answer

Correct Answer: False

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12. _______ is Something that makes a company superior to its opponents in terms of value, differentiation, and focus .

Answer

Correct Answer: Competitive advantage

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Purchasing And Supply Chain Management MCQs | Topic-wise

MCQ on Basic Purchasing and Supply Chain Management MCQ on E-Procurement and Systems Contracting in Purchasing and Supply Chain Management
MCQ on Inventory in Purchasing and Supply Chain Management MCQ on Just-in-Time (Lean) Purchasing and Supply Chain Management
MCQ on Partnerships and chain power in Purchasing and Supply Chain Management MCQ on Professional Services in Purchasing and Supply Chain Management
MCQ on Purchasing of Materials and Supply Chain Management MCQ on Strategic Outsourcing in Purchasing and Supply Chain Management
MCQ on Supplier Selection and Evaluation in Purchasing and Supply Chain Management MCQ on Supplier Selection and Evaluation in Purchasing and Supply Chain Management
General Purchasing And Supply Chain Management MCQs
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Purchasing And Supply Chain Management Subjects
Purchasing of Materials and Supply Chain Management MCQs
Just-in-Time (Lean) Purchasing and Supply Chain Management MCQs
E-Procurement and Systems Contracting in Purchasing and Supply Chain Management MCQs
Supplier Selection and Evaluation in Purchasing and Supply Chain Management MCQs
Supplier Selection and Evaluation in Purchasing and Supply Chain Management MCQs
Strategic Outsourcing in Purchasing and Supply Chain Management MCQs
Professional Services in Purchasing and Supply Chain Management MCQs
Partnerships and chain power in Purchasing and Supply Chain Management MCQs
Basic Purchasing and Supply Chain Management MCQs
More Resources
Purchasing And Supply Chain Management MCQ
Purchasing And Supply Chain Management Skill Assessment
Purchasing And Supply Chain Management PDF
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