Page 1 of 95
Epicor Kinetic Inventory Management EXAM COMPLETE
QUESTIONS AND DETAILED SOLUTIONS LATEST UPDATE
THIS YEAR-JUST RELEASED
Summarized Exam Coverage
Candidates are expected to:
• Understand item setup and maintenance in Epicor Kinetic.
• Execute inventory transactions correctly (receipts, issues, transfers, adjustments).
• Apply lot and serial tracking for traceability.
• Use bin/warehouse management for accurate stock control.
• Utilize replenishment tools including reorder points and MRP.
• Calculate and interpret inventory costs using various costing methods.
• Generate and interpret inventory reports and analytics.
• Follow integration, security, and compliance guidelines within Epicor Kinetic.
Epicor Kinetic Inventory Management – 200 Scenario-Based MCQs (with Answers & Rationales)
1.
, Page 2 of 95
A warehouse manager notices a discrepancy between the physical stock of an item and the system
record. Which Epicor function should they use to correct this?
A. Generate a purchase order
B. Perform an inventory adjustment
C. Issue a transfer
D. Create a sales order
Answer: B
Rationale: Inventory adjustments reconcile the system record with actual physical stock.
2.
A company tracks serialized machinery components. Which Epicor feature ensures each unit can be
traced from receipt to shipment?
A. Lot tracking
B. Serial number tracking
C. Cycle counting
D. Reorder point setup
Answer: B
Rationale: Serial tracking provides unique identification for full traceability.
3.
, Page 3 of 95
An item is stored in multiple bins within the same warehouse. Which feature ensures accurate tracking
and retrieval?
A. Multi-location setup
B. Bin and zone management
C. Standard costing
D. Lot expiration tracking
Answer: B
Rationale: Bin and zone management allows precise placement and retrieval of inventory.
4.
Stock for a critical part reaches its minimum level automatically. Which Epicor feature would trigger a
replenishment purchase order?
A. Serial tracking
B. Reorder point replenishment
C. Cycle counting
D. Inventory valuation
Answer: B
Rationale: Reorder point replenishment generates purchase orders when stock falls below a threshold.
5.
, Page 4 of 95
A warehouse uses FIFO costing. Which transaction impacts the cost of goods sold?
A. Lot creation
B. Stock issue or sale
C. Purchase order creation
D. Generating reports
Answer: B
Rationale: FIFO assigns costs of the oldest stock first when items are issued or sold.
6.
A technician receives a shipment and wants to assign lot numbers for traceability. What is the correct
Epicor process?
A. Enter lot numbers during purchase order receipt
B. Assign lot numbers after sales
C. Skip lot numbers for faster processing
D. Only assign serial numbers
Answer: A
Rationale: Lot numbers should be recorded upon receipt to ensure traceability.
7.
A company needs to track inventory across multiple warehouses. Which Epicor feature supports this?
A. Bin management
Epicor Kinetic Inventory Management EXAM COMPLETE
QUESTIONS AND DETAILED SOLUTIONS LATEST UPDATE
THIS YEAR-JUST RELEASED
Summarized Exam Coverage
Candidates are expected to:
• Understand item setup and maintenance in Epicor Kinetic.
• Execute inventory transactions correctly (receipts, issues, transfers, adjustments).
• Apply lot and serial tracking for traceability.
• Use bin/warehouse management for accurate stock control.
• Utilize replenishment tools including reorder points and MRP.
• Calculate and interpret inventory costs using various costing methods.
• Generate and interpret inventory reports and analytics.
• Follow integration, security, and compliance guidelines within Epicor Kinetic.
Epicor Kinetic Inventory Management – 200 Scenario-Based MCQs (with Answers & Rationales)
1.
, Page 2 of 95
A warehouse manager notices a discrepancy between the physical stock of an item and the system
record. Which Epicor function should they use to correct this?
A. Generate a purchase order
B. Perform an inventory adjustment
C. Issue a transfer
D. Create a sales order
Answer: B
Rationale: Inventory adjustments reconcile the system record with actual physical stock.
2.
A company tracks serialized machinery components. Which Epicor feature ensures each unit can be
traced from receipt to shipment?
A. Lot tracking
B. Serial number tracking
C. Cycle counting
D. Reorder point setup
Answer: B
Rationale: Serial tracking provides unique identification for full traceability.
3.
, Page 3 of 95
An item is stored in multiple bins within the same warehouse. Which feature ensures accurate tracking
and retrieval?
A. Multi-location setup
B. Bin and zone management
C. Standard costing
D. Lot expiration tracking
Answer: B
Rationale: Bin and zone management allows precise placement and retrieval of inventory.
4.
Stock for a critical part reaches its minimum level automatically. Which Epicor feature would trigger a
replenishment purchase order?
A. Serial tracking
B. Reorder point replenishment
C. Cycle counting
D. Inventory valuation
Answer: B
Rationale: Reorder point replenishment generates purchase orders when stock falls below a threshold.
5.
, Page 4 of 95
A warehouse uses FIFO costing. Which transaction impacts the cost of goods sold?
A. Lot creation
B. Stock issue or sale
C. Purchase order creation
D. Generating reports
Answer: B
Rationale: FIFO assigns costs of the oldest stock first when items are issued or sold.
6.
A technician receives a shipment and wants to assign lot numbers for traceability. What is the correct
Epicor process?
A. Enter lot numbers during purchase order receipt
B. Assign lot numbers after sales
C. Skip lot numbers for faster processing
D. Only assign serial numbers
Answer: A
Rationale: Lot numbers should be recorded upon receipt to ensure traceability.
7.
A company needs to track inventory across multiple warehouses. Which Epicor feature supports this?
A. Bin management
