Stockout - Study guides, Class notes & Summaries

CIPS L4M7 Whole Life Asset Management Exam With Complete Solutions Types of Stock Opening Stock Raw Materials Secondary Components Work in Progress Finished Goods Safety/Buffer Stock Stockout Causes of Obselence Technical Change Cultural Change Legislation Causes of Redundancy Poor Forecasting if Demand Cancelled Orders due to Poor Relationship Overstocking/Poor Stock Control Change to Internal Policy Triple Bottom Line People Profit Planet Inventory Code Types Numerical ...

TRL2604-Integrated Logistics Oct-Nov 2022 Exam Q & A. SECTION A QUESTION 1 1.1 Define Logistics Management (5 marks) Logistics management is the administration of supply chain management functions that assists firms in planning, managing, and implementing systems for moving and storing commodities. Inbound and outbound transportation management, fleet management, warehousing, materials handling, order fulfilment, logistics network design, inventory control, supply and demand planning, a...

CIPS L4M7 Whole Life Asset Management Exam With Complete Solutions Types of Stock Opening Stock Raw Materials Secondary Components Work in Progress Finished Goods Safety/Buffer Stock Stockout Causes of Obselence Technical Change Cultural Change Legislation Causes of Redundancy Poor Forecasting if Demand Cancelled Orders due to Poor Relationship Overstocking/Poor Stock Control Change to Internal Policy Triple Bottom Line People Profit Planet Inventory Code Types Numerical ...

inventory management - correct answer the planning and controlling of inventories to meet the competitive priorities of the organization inventory - correct answer a stock of materials used to satisfy customer demand or to support the production of services or goods lot size - correct answer the quantity of an inventory item management either buys from a supplier or manufactures using internal process inventory holding cost - correct answer the sum of the cost of capital plus the variab...

What is inventory? correct answers Inventory is a stored resource used to satisfy a current or future need How many categories of inventory are used by a business and name them. What are the major inventory costs? correct answers There are three types of inventories that a business carries. They are raw materials, work-inprocess, and finished goods. Significant inventory costs include purchase cost, quantity cost of carrying an item, and cost of stockouts. What is dependent demand and inde...

For which of the following does the seller bear the freight charges? -FOB Origin, Freight Prepaid -FOB Destination, Freight Collect -FOB destination, Freight Prepaid and Charged Back -FOB Origin, Freight Collect - ️️The seller bears the freight charges in FOB Origin, Freight Prepaid What makes the RoadRailer Unique? - ️️It is a bimodal trailer with two sets of wheels What is the NVOCC? - ️️A cargo consolidator (Non-Vessel Operating Common Carriers); Provide service on a c...

OPM 3000 Final Exam Questions & Answers 2024/2025 Firms in the same industry will have the same inventory turns A. True B. False - ANSWERSB. False Which of the following possible responses by a customer who is faced with a stockout is the most costly to the firm? A. Lose the sale and lose the customer. B. Lose the sale. C. Lose the sale of one item, but the customer purchases another item. D. Customer waits for the item to become available. - ANSWERSA. Lose the sale and lose th...

CIPS L4M7 Whole Life Asset Management Exam Questions With Verified Answers Causes of Obsolescence - answerTechnical Change Cultural Change Legislation 2D Barcode - answer Types of Stock - answerOpening Stock Raw Materials Secondary Components Work in Progress Finished Goods Safety/Buffer Stock Stockout Causes of Obselence - answerTechnical Change Cultural Change Legislation Causes of Redundancy - answerPoor Forecasting if Demand Cancelled Orders due to Poor Relationship Oversto...

CIPS L4M7 Whole Life Asset Management Exam Questions With Verified Answers Causes of Obsolescence - answerTechnical Change Cultural Change Legislation 2D Barcode - answer Types of Stock - answerOpening Stock Raw Materials Secondary Components Work in Progress Finished Goods Safety/Buffer Stock Stockout Causes of Obselence - answerTechnical Change Cultural Change Legislation Causes of Redundancy - answerPoor Forecasting if Demand Cancelled Orders due to Poor Relationship Oversto...