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Mastering Inventory Management
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Mastering Inventory Management

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Questions and Answers

Which of the following is NOT a goal of material management system?

  • Optimum inventory turnover (correct)
  • Good vendor relationship
  • Material cost control
  • Optimum material purchase

    • What is the aim of inventory management?

  • Available whenever required
  • Easily retrievable
  • Proper storage
  • To develop a system that ensures right quality of stock at all times (correct)

    • Which functional area is NOT part of material management?

  • Central service supply
  • Dietary requirements (correct)
  • Central stores
  • Purchasing

    • Which of the following is NOT a primary inventory objective?

    <p>Proper storage</p> Signup and view all the answers

    What is the aim of inventory management?

    <p>To develop a system that ensures right quality of stock at all times</p> Signup and view all the answers

    Which of the following is NOT a characteristic of a good information system in inventory management?

    <p>Proper storage</p> Signup and view all the answers

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