Operations & Supply Chain Management | Chapter 4 | Part 3 | MBA MCQs | OSM
Operations and Supply Chain Management MCQs
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- Inventory in an organization should be
- maximum
- minimum
- None of the above
- optimum
- Find the odd one out
- XYZ analysis
- Work to Permit
- ABC analysis
- VED analysis
- ______________ type of inventory provides buffer between successive operations
- Cyclic inventory
- Pipeline inventory
- Decoupling inventory
- Anticipation inventory
- ___________ type of inventory acts as a buffer between various elements of the supply chain
- Anticipation inventory
- Cyclic inventory
- Pipeline inventory
- Decoupling inventory
- Which technique helps us to identify obsolete items
- XYZ analysis
- ABC Analysis
- Movement analysis
- FGH analysis
- ABC Classification is based on
- None of the two
- Criticality of items
- Inventory value of items at the year end
- Deterioration and obsolescence cost comes under
- Inventory carrying cost
- Set up cost
- Stock out cost
- Procurement cost
- ____________ type of inventory satisfies periods of seasonal high demand
- Decoupling inventory
- Pipeline inventory
- Seasonal inventory
- Safety stock
- _____________ type of inventory avoid stock outs
- Cyclic inventory
- Pipeline inventory
- Safety stock
- Decoupling inventory
- The time that lapses between raising of purchase requisition by user departments
or stores and receipt and acceptance of materials at stores for issue to user
departments is known as- Time gap analysis
- None of these
- Running time
- Lead time
- The elements of stock out cost are
- All of the above
- Cost due to overtime paid
- Cost due to loss of business
- Cost of men & machine rendered idle
- As the order quantity increases, this cost will reduce
- Ordering cost
- Insurance cost
- Inventory carrying cost
- Stock out cost
- Inventory is a term related to Contracts Management.
- It depends
- Cant say
- Yes
- No
- CX items are those items whose available stock is exceeding
- 15 years consumption
- 5 years consumption
- 10 years consumption
- There is no such item known as CX
- Valuation of financial year closing of stocks is known as
- Stock analysis
- None of the above
- ABC analysis
- XYZ analysis
- Extra units that are held in inventory to reduce stock outs are called
- Safety stock
- Demand variance
- Just in time inventory
- Re-order point
- VED classification made on
- Market availability
- Annual consumption value of item
- None
- Criticality of items
- ____________ type of inventory minimizes the total cost by ordering the EOQ
- Cyclic inventory
- Decoupling inventory
- Anticipation inventory
- Pipeline inventory
- If you take delivery from railways at a later date than prescribed the penalty
imposed on is known as- Obsolete chargee
- Negligent charge
- Wharfage charge
- Demurrage charge
- As the volume of inventory increases, the following cost will increase
- Inventory carrying cost
- Ordering cost
- Procuring cost
- Stock out cost
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