Inventory planning and control Interview Questions And Answers
In this Inventory planning and control Interview Questions and Answers guide you will learn that Inventory Management and Inventory Control must be designed to meet the dictates of the marketplace and support the company's strategic plan. Learn basic and advance concepts of Inventory planning and control or get preparation of Inventory planning and control Jobs Interview by our Inventory planning and control Interview Questions and Answers Guide.
1 ► Buffer inventory is required as?
2 ► Cycle inventory is required as?
3 ► The EOQ formula has been criticized in a number of areas. Which of the following is not an area of common criticism?
4 ► What is a two-bin system?
5 ► Under the ABC system of inventory priorities a Class A item is?
6 ► Order-point or re-order-level inventory control is used for which of the following?
7 ► Which of these statements is correct?
8 ► One of the underlying assumptions of the EOQ model is that?
9 ► Which would be the most appropriate method of controlling stock in a retail shop?
10 ► Which would be the most appropriate method of controlling stock in a hotel bar?
11 ► Periodic review means?
12 ► 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?
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