INVENTORY PLANNING & CONTROL QUIZ by Dr. Enrico Mina

INVENTORY PLANNING & CONTROL

BRAIN GAMES: Challenge Your Knowledge For Fun

This short quiz on Inventory Planning and Control was prepared by Dr. Enrico Mina. Try it! Just for fun.

Plus, we have a little something for you.

1. The ABC Classification for materials is based on the ________________ principle.

2. ________________ is an inventory forecasting method that provides either stability to the forecast or sensitivity to the recent data, with the degree of adjustment controlled by a constant number between 0 & 1.

3. ________________ is the size of the batch or order lot size that minimizes the sum of the carrying and ordering costs.

4. ________________ is the inventory system that reviews the stock levels at a fixed time period, and the order quantity varies according to the usage since the last review, or according to projected usage.

Do you want to see the results now?

Yes

Congratulations! You got 4 correct answers. You're a winner! For that, and as a token of our gratitude, we will send you a gift. Just enter your details below and we'll get the ball rolling.

Congratulations! You got 3 correct answers. For that, and as a token of our gratitude, we will send you a gift. Just enter your details below and we'll get the ball rolling.

Congratulations! You got 2 correct answers. For that, and as a token of our gratitude, we will send you a gift. Just enter your details below and we'll get the ball rolling.

Congratulations! You got 1 correct answer. For that, and as a token of our gratitude, we will send you a gift. Just enter your details below and we'll get the ball rolling.

Sorry, you failed to get any correct answer. But we thank you for joining and as a token of our gratitude, we will send you a gift PLUS the correct answers to all the questions. Just enter your details below and we'll get the ball rolling

Thank you for your participation. We hope to see you soon.

First Name

Last Name

I consent to have POWERMAX store my information so they can respond to my request. Furthermore, I agree to receive updates and promotions.