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Production Planning and Control: Inventory Planning
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Production Planning and Control: Inventory Planning
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25 Questions

1. Activities related to coordinating, controlling and planning activities of flow of inventory are classified as
2. If demand in units is 18000, relevant ordering cost for each year is $150 and an order quantity is 1500 then annual relevant ordering cost would be
3. ‘Buffer stock’ is the level of stock
4. Which of the following is not an inventory?
5. The minimum stock level is calculated as
6. Re-ordering level is calculated as
7. Profit forgone by capital investment in inventory rather than investment of capital to somewhere else is classified as
8. The minimum stock level is calculated as
9. The cost of insurance and taxes are included in
10. Average stock level can be calculated as
11. If demand of one year is 25000 units, relevant ordering cost for each purchase order is $210 and carrying cost of one unit of stock is $25 then economic order quantity is
12. The following classes of costs are usually involved in inventory decisions except
13. The time period between placing an order its receipt in stock is known as
14. The time period between placing an order its receipt in stock is known as
15. Which of the following is true for Inventory control?
16. If purchase order lead time is 35 minutes and number of units sold per time is 400 units then reorder point will be
17. Which of the following is not an inventory?
18. Costing system which omits some of journal entries in accounting system is known as
19. Average stock level can be calculated as
20. The cost of insurance and taxes are included in
21. Cost of product failure, error prevention and appraisals are classified as
22. The order cost per order of an inventory is Rs. 400 with an annual carrying cost of Rs. 10 per unit. The Economic Order Quantity (EOQ) for an annual demand of 2000 units is
23. Re-ordering level is calculated as
24. If required rate of return is 12% and per unit cost of units purchased is $35 then relevant opportunity cost of capital will be
25. An example of purchasing costs include

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