Inventory Mastery Quiz

Froggy Jumps

Played 28 %Accuracy 48 Average time 05:33

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About this activity

Test your inventory smarts

Created by

Ronie Madrona

Philippines

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Froggy Jumps Inventory Mastery QuizOnline version Test your inventory smarts by Ronie Madrona 1 What is the primary goal of inventory management? a Maximize stock on hand b Maintain optimal stock levels to meet demand c Minimize supplier lead times at all costs 2 Which metric measures how often inventory is sold and replaced over a period? a Stock growth b Days of inventory on hand c Inventory turnover 3 Safety stock is used to protect against what risk? a Excess inventory b Stockouts due to demand variability c Obsolete items 4 FIFO stands for which inventory method? a Final-In, Final-Out b First-In, First-Out c Fast-In, Fast-Out 5 EOQ helps determine what? a Optimal order quantity b Optimal safety stock level c Optimal pricing 6 Which system records every movement of inventory in real time? a Perpetual inventory system b Random stockkeeping c Periodic inventory system 7 What is dead stock? a Overstocked items with high demand b Items with expired shelf life c Items with no demand in a prolonged period 8 Cycle counting is a method to: a Count all items annually b Audit a subset of items regularly c Count only fast-moving items 9 Which factor is NOT typically part of safety stock calculation? a Lead time variability b Seasonal demand stability c Demand variability 10 What is ABC analysis used for? a Setting supplier contracts b Forecasting demand c Prioritizing inventory based on value and importance

Froggy Jumps

Inventory Mastery QuizOnline version

Test your inventory smarts

by Ronie Madrona

What is the primary goal of inventory management?

Maximize stock on hand

Maintain optimal stock levels to meet demand

Minimize supplier lead times at all costs

Which metric measures how often inventory is sold and replaced over a period?

Stock growth

Days of inventory on hand

Inventory turnover

Safety stock is used to protect against what risk?

Excess inventory

Stockouts due to demand variability

Obsolete items

FIFO stands for which inventory method?

Final-In, Final-Out

First-In, First-Out

Fast-In, Fast-Out

EOQ helps determine what?

Optimal order quantity

Optimal safety stock level

Optimal pricing

Which system records every movement of inventory in real time?

Perpetual inventory system

Random stockkeeping

Periodic inventory system

What is dead stock?

Overstocked items with high demand

Items with expired shelf life

Items with no demand in a prolonged period

Cycle counting is a method to:

Count all items annually

Audit a subset of items regularly

Count only fast-moving items

Which factor is NOT typically part of safety stock calculation?

Lead time variability

Seasonal demand stability

Demand variability

What is ABC analysis used for?

Setting supplier contracts

Forecasting demand

Prioritizing inventory based on value and importance

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Inventory Mastery Quiz

Froggy Jumps

About this activity

Created by

Download the paper version to play

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Froggy Jumps

Inventory Mastery QuizOnline version

by Ronie Madrona

What is the primary goal of inventory management?

Which metric measures how often inventory is sold and replaced over a period?

Safety stock is used to protect against what risk?

FIFO stands for which inventory method?

EOQ helps determine what?

Which system records every movement of inventory in real time?

What is dead stock?

Cycle counting is a method to:

Which factor is NOT typically part of safety stock calculation?

What is ABC analysis used for?

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