MSSC CLT EXAM QUESTIONS WITH ACCURATE SOLUTIONS
What is Inventory? -- Answer ✔✔ The materials and supplies carried on hand either for
sale or to the production process
What is Inventory Control? -- Answer ✔✔ Process of identifying materials, managing
storage space, and tracking and controlling those materials
What are the types of inventory? -- Answer ✔✔ raw materials, work in progress,
finished goods
Many Facilities also need to manage __________ inventories that can be significant. --
Answer ✔✔ Seasonal
Inventory is managed at what levels? -- Answer ✔✔ -Aggregate Inventory (total
inventory)
-Item Inventory (Individual items)
This system is mostly used by the Inventory control department, it is also widely used
by the frontline workers. -- Answer ✔✔ Warehouse Management System (WMS)
,What are some of the functions that WMS allows employees to perform? -- Answer
✔✔ -Quantity
-Location
-Status
-Other relevant information
Real time tracking of precise location benefits who? -- Answer ✔✔ -Material handlers
-Order pickers
-Receiving workers
What is the basic theory of Just In Time (JIT)? -- Answer ✔✔ Produce precisely the
necessary units in the necessary quantities and the necessary time
What are the disadvantages to Just In Time (JIT)? -- Answer ✔✔ -Increased traffic flow
-More frequent orders
-Doesn't work for every facility
What are the 4 Rights to Just In Time (JIT)? -- Answer ✔✔ -Right amount
-Right material
-Right condition
-Right time and place
,JIT philosophy has had an impact on ___________ and focuses emphasis on the
__________________ rather than storage pick areas and operations. -- Answer ✔✔
Reducing the required on hand safety stock inventory, Receiving and shipping dock areas
and operations
ABC Inventory Analysis is based on what principle? -- Answer ✔✔ If you control the
fastest moving or highest cost items, the slower moving items will not have a significant
impact
"A" items represent what? -- Answer ✔✔ 80% of the value of goods moved
"C" items represent what? -- Answer ✔✔ 5% of the value of goods moved although they
may account for half the items in quantity
What are the methods of Inventory management? -- Answer ✔✔ -FIFO
-LIFO
FIFO is used to avoid what? -- Answer ✔✔ Dust, damage, or infestation(spoilage)
LIFO is used for what? -- Answer ✔✔ Accounting and financial offices to change the way
a company's inventory affects their bottom line
What the basic approaches to product ordering? -- Answer ✔✔ -Cyclical Ordering
-Fixed order quantity system
, -Material Requirements Planning (MRP)
__________ is a critical part of the supply chain. -- Answer ✔✔ Inventory management
Most important aspect of Inventory Control is to ____________. -- Answer ✔✔
Know the number of each Stock Keeping Unit (SKU) held in your facility
What are the different count types for inventory? -- Answer ✔✔ -Manual
-Automated
What are the different count methods for inventory? -- Answer ✔✔ -Random count
-Wall to Wall
-Cycle count
How is the Flow in Automated systems controlled? -- Answer ✔✔ By electronically
obtaining data via labeling, barcoding and data entry into a computer, warehouse
personnel are told to take a given item to a specific location in the
warehouse/distribution center
How do Directional devices control the flow of materials? -- Answer ✔✔ Controls the
movement of materials in a predetermined direction, often without human labor
What is Reverse Inventory? -- Answer ✔✔ Management of returned items
What is Inventory? -- Answer ✔✔ The materials and supplies carried on hand either for
sale or to the production process
What is Inventory Control? -- Answer ✔✔ Process of identifying materials, managing
storage space, and tracking and controlling those materials
What are the types of inventory? -- Answer ✔✔ raw materials, work in progress,
finished goods
Many Facilities also need to manage __________ inventories that can be significant. --
Answer ✔✔ Seasonal
Inventory is managed at what levels? -- Answer ✔✔ -Aggregate Inventory (total
inventory)
-Item Inventory (Individual items)
This system is mostly used by the Inventory control department, it is also widely used
by the frontline workers. -- Answer ✔✔ Warehouse Management System (WMS)
,What are some of the functions that WMS allows employees to perform? -- Answer
✔✔ -Quantity
-Location
-Status
-Other relevant information
Real time tracking of precise location benefits who? -- Answer ✔✔ -Material handlers
-Order pickers
-Receiving workers
What is the basic theory of Just In Time (JIT)? -- Answer ✔✔ Produce precisely the
necessary units in the necessary quantities and the necessary time
What are the disadvantages to Just In Time (JIT)? -- Answer ✔✔ -Increased traffic flow
-More frequent orders
-Doesn't work for every facility
What are the 4 Rights to Just In Time (JIT)? -- Answer ✔✔ -Right amount
-Right material
-Right condition
-Right time and place
,JIT philosophy has had an impact on ___________ and focuses emphasis on the
__________________ rather than storage pick areas and operations. -- Answer ✔✔
Reducing the required on hand safety stock inventory, Receiving and shipping dock areas
and operations
ABC Inventory Analysis is based on what principle? -- Answer ✔✔ If you control the
fastest moving or highest cost items, the slower moving items will not have a significant
impact
"A" items represent what? -- Answer ✔✔ 80% of the value of goods moved
"C" items represent what? -- Answer ✔✔ 5% of the value of goods moved although they
may account for half the items in quantity
What are the methods of Inventory management? -- Answer ✔✔ -FIFO
-LIFO
FIFO is used to avoid what? -- Answer ✔✔ Dust, damage, or infestation(spoilage)
LIFO is used for what? -- Answer ✔✔ Accounting and financial offices to change the way
a company's inventory affects their bottom line
What the basic approaches to product ordering? -- Answer ✔✔ -Cyclical Ordering
-Fixed order quantity system
, -Material Requirements Planning (MRP)
__________ is a critical part of the supply chain. -- Answer ✔✔ Inventory management
Most important aspect of Inventory Control is to ____________. -- Answer ✔✔
Know the number of each Stock Keeping Unit (SKU) held in your facility
What are the different count types for inventory? -- Answer ✔✔ -Manual
-Automated
What are the different count methods for inventory? -- Answer ✔✔ -Random count
-Wall to Wall
-Cycle count
How is the Flow in Automated systems controlled? -- Answer ✔✔ By electronically
obtaining data via labeling, barcoding and data entry into a computer, warehouse
personnel are told to take a given item to a specific location in the
warehouse/distribution center
How do Directional devices control the flow of materials? -- Answer ✔✔ Controls the
movement of materials in a predetermined direction, often without human labor
What is Reverse Inventory? -- Answer ✔✔ Management of returned items
