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Questions and Answers
Which of the following is NOT a goal of material management system?
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?
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?
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?
Which of the following is NOT a primary inventory objective?
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What is the aim of inventory management?
What is the aim of inventory management?
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Which of the following is NOT a characteristic of a good information system in inventory management?
Which of the following is NOT a characteristic of a good information system in inventory management?
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