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Name 1. -The goal of inventory management is to have the right at the right A. p

ID: 377146 • Letter: N

Question

Name 1. -The goal of inventory management is to have the right at the right A. product, range, season B. price, place, supplier C. price, range, season D. product, place, time Final Exam in the right 2. -Which of the following is NOT a category of inventory? A. Raw materials B. Finished goods C. Human resources D. Work in process 3. -Which of the following is an example of raw material inventory for C&A; Bakery? A. Flour B. Cupcake mix prepared from scratch C. Ovens D. Cupcakes freshly out of the oven 4. The flow of material between countries is known as A. Multinational logistics B. International logistics C. Global logistics D. Corporate logistics 5. -Which of the following is a finished goods inventory for C&A; Bakery A. Flour B. Cupcake mix prepared from scratch C. Ovens D. Cupcakes freshly out of the oven 6. -Which kind of firms usually carry raw material inventory? A. Suppliers B. Wholesalers C. Retailers D. Distributors protects a firm against unpredictable demand. A. Kanbarn . Safety stock C. Just in time D. Disruption

Explanation / Answer

1.d. Right product in right place at right time

2. c. Human resources is not an inventory, it's skills are.

3. a. Flour, it hasn't got into the process yet.

4. a. Multinational logistics.

5. d. It's out of the process.

6. a. Suppliers are the begining of the value chain, so they possess the raw material inventory.

7. b. Safety stock acts as a buffer.