Read the most frequently asked 5 top Inventory Planning multiple choice questions and answers PDF for freshers and experienced. Inventory Planning objective questions and answers pdf download free.
Inventory Planning Multiple Choice Questions and Answers PDF Experienced Freshers
1. Buffer inventory is required as?
A. Compensation for differences in the timing of supply and demand
B. Compensation for the uncertainties inherent in supply and demand
C. One or more stages in the operation cannot supply all the items it produces simultaneously
D. Material cannot be transported instantaneously between the point of supply and the point of demand
Ans: B
2. Periodic review means?
A. Ordering inventory at a predetermined re-order level
B. Ordering inventory when it falls below the designated safety stock level
C. Ordering inventory in consultation with suppliers relative to their available capacity
D. Ordering inventory to supplier call-offs on an as required basis
E. Ordering inventory at a fixed and regular time interval
Ans: E
3. Question : Which would be the most appropriate method of controlling stock in a hotel bar?
A. Just-in-Time
B. Two-Bin System
C. Order Point
D. Periodic Review
D. Poke-Yoka
Ans: D
4. Periodic review means?
A. Ordering inventory at a predetermined re-order level
B. Ordering inventory when it falls below the designated safety stock level
C. Ordering inventory in consultation with suppliers relative to their available capacity
D. Ordering inventory to supplier call-offs on an as required basis
E. Ordering inventory at a fixed and regular time interval
Ans: E
5. Which would be the most appropriate method of controlling stock in a hotel bar?
A. Materials Requirements Planning
B. Just-in-Time
C. Two-Bin System
D. Order Point
E. Periodic Review
F. Poke-Yoka
Ans: E
Inventory Planning Multiple Choice Questions and Answers PDF Experienced Freshers
1. Buffer inventory is required as?
A. Compensation for differences in the timing of supply and demand
B. Compensation for the uncertainties inherent in supply and demand
C. One or more stages in the operation cannot supply all the items it produces simultaneously
D. Material cannot be transported instantaneously between the point of supply and the point of demand
Ans: B
2. Periodic review means?
A. Ordering inventory at a predetermined re-order level
B. Ordering inventory when it falls below the designated safety stock level
C. Ordering inventory in consultation with suppliers relative to their available capacity
D. Ordering inventory to supplier call-offs on an as required basis
E. Ordering inventory at a fixed and regular time interval
Ans: E
3. Question : Which would be the most appropriate method of controlling stock in a hotel bar?
A. Just-in-Time
B. Two-Bin System
C. Order Point
D. Periodic Review
D. Poke-Yoka
Ans: D
4. Periodic review means?
A. Ordering inventory at a predetermined re-order level
B. Ordering inventory when it falls below the designated safety stock level
C. Ordering inventory in consultation with suppliers relative to their available capacity
D. Ordering inventory to supplier call-offs on an as required basis
E. Ordering inventory at a fixed and regular time interval
Ans: E
5. Which would be the most appropriate method of controlling stock in a hotel bar?
A. Materials Requirements Planning
B. Just-in-Time
C. Two-Bin System
D. Order Point
E. Periodic Review
F. Poke-Yoka
Ans: E
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