SCM 310 EXAM 4 QUESTIONS WITH
100% CORRECT ANSWERS LATEST
VERSION 2025/2026.
Inventory mgmt questions - ANS what to order
when to order
how much to order
**where do i stock it
types of inventory - ANS raw materials
labor
work in process
safety stock
just-in-case
etc.
safety stock - ANS "sacred stock"
no one wants to use it
two forms of demand - ANS dependent
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
,independent
dependent demand - ANS items used to produce final products
easier to forecast
independent demand - ANS items demanded by external customers
i.e. repair parts
aggregate inventory mgmt - ANS how much do we have now
how much do we want
what will be the input
what input must we get
correctly answering the question ______ to order is far more important than determining
__________ to order - ANS when; how many
inventory costs - ANS turnover, carrying costs
purposes of inventory - ANS balances supply and demand
cover up inefficiencies
an addiction
acts as a buffer b/n critical interfaces w/n the supply chain
types of inventories - ANS pipeline
safety
obsolete/dead stock
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, excess
speculative
regular/cyclical/seasonal
pipeline inventory - ANS inventories in transit
safety inventory - ANS extra stocks held in anticipation of demand lead time uncertainties
obsolete/dead stock inventory - ANS inventories that are of little or no value due to being out
of date, spoiled, damaged, etc.
speculative inventory - ANS goods purchased in anticipation of price increases
regular/cyclical/seasonal inventories - ANS inventories held to meet normal operating needs
3 ways to manage inventory - ANS JIT - not the best
pull
push
push inventory - ANS above mgmt. gives distributors what they think is needed
pull inventory - ANS distributors only get what they want when they've asked for it
inventory related costs - ANS carrying costs
stockouts
3 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
100% CORRECT ANSWERS LATEST
VERSION 2025/2026.
Inventory mgmt questions - ANS what to order
when to order
how much to order
**where do i stock it
types of inventory - ANS raw materials
labor
work in process
safety stock
just-in-case
etc.
safety stock - ANS "sacred stock"
no one wants to use it
two forms of demand - ANS dependent
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
,independent
dependent demand - ANS items used to produce final products
easier to forecast
independent demand - ANS items demanded by external customers
i.e. repair parts
aggregate inventory mgmt - ANS how much do we have now
how much do we want
what will be the input
what input must we get
correctly answering the question ______ to order is far more important than determining
__________ to order - ANS when; how many
inventory costs - ANS turnover, carrying costs
purposes of inventory - ANS balances supply and demand
cover up inefficiencies
an addiction
acts as a buffer b/n critical interfaces w/n the supply chain
types of inventories - ANS pipeline
safety
obsolete/dead stock
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, excess
speculative
regular/cyclical/seasonal
pipeline inventory - ANS inventories in transit
safety inventory - ANS extra stocks held in anticipation of demand lead time uncertainties
obsolete/dead stock inventory - ANS inventories that are of little or no value due to being out
of date, spoiled, damaged, etc.
speculative inventory - ANS goods purchased in anticipation of price increases
regular/cyclical/seasonal inventories - ANS inventories held to meet normal operating needs
3 ways to manage inventory - ANS JIT - not the best
pull
push
push inventory - ANS above mgmt. gives distributors what they think is needed
pull inventory - ANS distributors only get what they want when they've asked for it
inventory related costs - ANS carrying costs
stockouts
3 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
