Stock Management

MI – Nov 2015 – L1 – SA – Q4 – Accounting for Cost Elements

Identifies a reason why an organization may not hold inventory.

Question

An organisation may NOT hold inventory in order to:
A. Meet regular demands
B. Even out seasonal variation in demand
C. Act as buffer when higher demand is expected
D. Meet technical requirements of a production system
E. Take advantage of bulk purchase discounts

Answer

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Tags: Inventory, Production Systems, Stock Management
Level: Level 1

Topic: Accounting for Cost Elements
Series: NOV 2015

MI – Nov 2022 – L1 – SA – Q3 – Inventory Management

Calculation of re-order level based on weekly consumption and delivery time

Question

Calculate the re-order level where consumption per week is 500-600 units, delivery time is 14-28 days:
A. 12,000
B. 12,500
C. 14,500
D. 15,000
E. 16,800

Answer

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Tags: Inventory Control, Re-order Level, Stock Management

Topic: Inventory Management
Series: NOV 2022

MI – Nov 2014 – L1 – SA – Q2 – Accounting for Cost Elements-

Identify which is NOT an advantage of centralized storage.

Question

The objectives of storing materials vary from one organisation to another. Which of the following is NOT an advantage of a centralized storage?

A. Stock taking is facilitated
B. Lower stock on average
C. Lower risk of duplication
D. Level of paper work is reduced
E. Loss of local knowledge from the user

Answer

Find Related Questions by Tags, levels, etc.

Tags: Centralized Storage, Inventory Control, Stock Management
Level: Level 1

Topic: Accounting for Cost Elements
Series: NOV 2014

MI – Nov 2015 – L1 – SA – Q4 – Accounting for Cost Elements

Identifies a reason why an organization may not hold inventory.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Inventory, Production Systems, Stock Management
Level: Level 1

Topic: Accounting for Cost Elements
Series: NOV 2015

MI – Nov 2022 – L1 – SA – Q3 – Inventory Management

Calculation of re-order level based on weekly consumption and delivery time

Question

Calculate the re-order level where consumption per week is 500-600 units, delivery time is 14-28 days:
A. 12,000
B. 12,500
C. 14,500
D. 15,000
E. 16,800

Answer

Find Related Questions by Tags, levels, etc.

Tags: Inventory Control, Re-order Level, Stock Management

Topic: Inventory Management
Series: NOV 2022

MI – Nov 2014 – L1 – SA – Q2 – Accounting for Cost Elements-

Identify which is NOT an advantage of centralized storage.

Question

The objectives of storing materials vary from one organisation to another. Which of the following is NOT an advantage of a centralized storage?

A. Stock taking is facilitated
B. Lower stock on average
C. Lower risk of duplication
D. Level of paper work is reduced
E. Loss of local knowledge from the user

Answer

Find Related Questions by Tags, levels, etc.

Tags: Centralized Storage, Inventory Control, Stock Management
Level: Level 1

Topic: Accounting for Cost Elements
Series: NOV 2014

Question Tag: Stock Management

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MI – Nov 2015 – L1 – SA – Q4 – Accounting for Cost Elements

Identifies a reason why an organization may not hold inventory.

MI – Nov 2022 – L1 – SA – Q3 – Inventory Management

Calculation of re-order level based on weekly consumption and delivery time

MI – Nov 2014 – L1 – SA – Q2 – Accounting for Cost Elements-

Identify which is NOT an advantage of centralized storage.

MI – Nov 2015 – L1 – SA – Q4 – Accounting for Cost Elements

Identifies a reason why an organization may not hold inventory.

MI – Nov 2022 – L1 – SA – Q3 – Inventory Management

Calculation of re-order level based on weekly consumption and delivery time

MI – Nov 2014 – L1 – SA – Q2 – Accounting for Cost Elements-

Identify which is NOT an advantage of centralized storage.

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MI – Nov 2015 – L1 – SA – Q4 – Accounting for Cost Elements

Identifies a reason why an organization may not hold inventory.

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MI – Nov 2022 – L1 – SA – Q3 – Inventory Management

Calculation of re-order level based on weekly consumption and delivery time

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MI – Nov 2014 – L1 – SA – Q2 – Accounting for Cost Elements-

Identify which is NOT an advantage of centralized storage.

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MI – Nov 2015 – L1 – SA – Q4 – Accounting for Cost Elements

Identifies a reason why an organization may not hold inventory.

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MI – Nov 2022 – L1 – SA – Q3 – Inventory Management

Calculation of re-order level based on weekly consumption and delivery time

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MI – Nov 2014 – L1 – SA – Q2 – Accounting for Cost Elements-

Identify which is NOT an advantage of centralized storage.

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