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Inventory Management
Multiple Choices:
Q1. ……………………. is IT tool used for automation data capture.
Q2. Stockout Level is also called the
a. Red Zone
b. Amber Zone
c. Both (a) & (b)
d. None of the above
Q3. When classified on the basis of time period, they are
a. Supply forecast
b. Price forecast
c. Demand forecast
d. None of the above
Q4. The Delphi Method was developed by the Rand Corporation
in the
a. 1980
b. 1970
c. 1950
d. None of the above
Q5. The BOM file is also called the
a. Product Structure File
b. Product Tree
c. Both (a) & (b)
d. None of the above
Q6. What is the meaning of “Doller Days”.
a. Making money with in area
b. Management of the value of inventory and time with in
area
c. Inventory control
d. Management of time
Q7. Weeks of supply = ……………………………………………..
Q8. Fastest and Expensive mode of Transport.
a. Air
b. Rail
c. Water
d. Pipeline
Q9. ERP systems were developed in
a. 1998
b. 1990
c. 1980
d. 1987
Q10. The ABC analysis is also called the ………………………………
Part Two:
Q1. What is “Dependent Demand”?
Q2. Write short note on “Simulation Models”.
Q3. What is “Time Phasing”.
Q4. Write short note on “Statistical Techniques of
Forecasting”.
Q5. Keeping in mind the
objectives, do you think the company should go in for a highly
integrated system? Support your
answer with reasons.
Q6. Discuss the relevant inventory
management strategies for the company.
Q7. What arguments are there in favor
of a formal salvage program at Advanced Management University?
Q8. What arguments would be
expected against the program?
Q9. What organizational structure
should Julie Joy install?
Q10. Develop a salvage program
for Advanced Management University.
Q11. At Ford Motor company, every
car or truck model has its own internal website to track design, production,
quality control and delivery processes. Suppliers and customers also have
access to the site, and all concerned are expected to provide full supply chain
information. How do you think this would affect the life of the middle manager?
Q12. Give example of some typical
case where inventory management based on unscientific method could go wrong.
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