Which of these statements is correct?
Submitted by: Administrator1. Will depend on how many related parts are required in the same period
2. Is used to calculate how much safety stock should be carried
3. Is a formula that calculates a realistic purchase price for an item
4. Should be calculated once a year
5. Determines the lowest order quantity by balancing the cost of ordering against the cost of holding stock
Determines the lowest order quantity by balancing the cost of ordering against the cost of holding stock
Submitted by: Administrator
2. Is used to calculate how much safety stock should be carried
3. Is a formula that calculates a realistic purchase price for an item
4. Should be calculated once a year
5. Determines the lowest order quantity by balancing the cost of ordering against the cost of holding stock
Determines the lowest order quantity by balancing the cost of ordering against the cost of holding stock
Submitted by: Administrator
Read Online Inventory planning and control Job Interview Questions And Answers
Top Inventory planning and control Questions
☺ | How would you respond to the criticism that eoq models tend to provide misleading results because values of d, s and h are at the best educated guesses? |
☺ | The EOQ formula has been criticized in a number of areas. Which of the following is not an area of common criticism? |
☺ | Buffer inventory is required as? |
☺ | Order-point or re-order-level inventory control is used for which of the following? |
☺ | Under the ABC system of inventory priorities a Class A item is? |
Top Business and Economics Categories
☺ | Taxation Interview Questions. |
☺ | Economics Interview Questions. |
☺ | Accounts Receivable (AR) Interview Questions. |
☺ | General Ledger Interview Questions. |
☺ | Fixed Assets Interview Questions. |