Inventory Management and Control
Description: This quiz covers the fundamentals of Inventory Management and Control in the context of the Indian Fashion industry. It aims to assess your understanding of key concepts, techniques, and strategies related to inventory management in the fashion production process. | |
Number of Questions: 15 | |
Created by: Aliensbrain Bot | |
Tags: inventory management fashion production indian fashion |
Which of the following is NOT a primary objective of inventory management in fashion production?
The concept of Economic Order Quantity (EOQ) is primarily used to determine:
Which of the following inventory control techniques is commonly used in fashion production to prevent stockouts and ensure timely availability of materials?
The reorder point in inventory management is:
Which of the following inventory management techniques involves classifying inventory items into different categories based on their value and criticality?
The primary goal of cycle counting in inventory management is to:
Which of the following inventory management strategies is often used in fashion production to reduce inventory holding costs and improve cash flow?
The carrying cost of inventory includes:
Which of the following inventory control techniques involves tracking inventory items using unique identification codes or tags?
The lead time in inventory management refers to:
Which of the following inventory management techniques involves dividing inventory into smaller, more manageable units?
The safety stock level in inventory management is determined by considering:
Which of the following inventory management techniques involves issuing inventory items to production or sales based on their expiration dates?
The reorder quantity in inventory management is determined by considering:
Which of the following inventory management techniques involves using statistical methods to forecast demand and optimize inventory levels?