Inventory And Warehouse Management at Kwame Nkrumah University Of Science And Technology | Flashcards & Summaries

Lernmaterialien für Inventory and warehouse management an der Kwame Nkrumah University of Science and Technology

Greife auf kostenlose Karteikarten, Zusammenfassungen, Übungsaufgaben und Altklausuren für deinen Inventory and warehouse management Kurs an der Kwame Nkrumah University of Science and Technology zu.

TESTE DEIN WISSEN
What is inventory?
Lösung anzeigen
TESTE DEIN WISSEN
Stock of materials used to facilitate production or to satisfy customers 
Lösung ausblenden
TESTE DEIN WISSEN

What is the stock of materials(or quantity of goods ) kept for some purpose or use?

Lösung anzeigen
TESTE DEIN WISSEN
Inventory 
Lösung ausblenden
TESTE DEIN WISSEN
Many of the items that a firm carries in inventory relate to the kind of business it engages in. T/F
Lösung anzeigen
TESTE DEIN WISSEN
True
Lösung ausblenden
TESTE DEIN WISSEN

what are the Forms of inventory?

Lösung anzeigen
TESTE DEIN WISSEN
  • Raw materials
  • Work in process
  • Finished  product 
  • *MROs
Lösung ausblenden
TESTE DEIN WISSEN
Work in progress?
Lösung anzeigen
TESTE DEIN WISSEN
Total stock that is held within operations. Includes Partly finished goods, subassemblies to be made into end product 
Lösung ausblenden
TESTE DEIN WISSEN

What are Raw Materials form of  inventory 

Lösung anzeigen
TESTE DEIN WISSEN

:

•They are items purchased from suppliers or

produced internally which are waiting to be

used in operations.

Lösung ausblenden
TESTE DEIN WISSEN
MROs
Lösung anzeigen
TESTE DEIN WISSEN

items that are used in production but do not become

part of the product. These include hand tools, spare

parts, lubricants and so on


Lösung ausblenden
TESTE DEIN WISSEN

what are the conditions for keeping a cycle stock?

Lösung anzeigen
TESTE DEIN WISSEN

cycle stock(connotes time interval) 

  • this type of inventory is kept under conditions of certainty and less variability in demand and supply.
  • demand is must be known and constant
  • lead time is known and constant



Lösung ausblenden
TESTE DEIN WISSEN

what is a cycle inventory

Lösung anzeigen
TESTE DEIN WISSEN

Cycle stock is inventory that results from the replenishment of

inventory sold or used in production. It is required in order to

meet demand under conditions of certainty

Lösung ausblenden
TESTE DEIN WISSEN

what is a safety or buffer stock

Lösung anzeigen
TESTE DEIN WISSEN

safety stock are meant to compensate for the very real and potential situation of uncertainty. suggests that buffer stock can complement the cycle stock in times of uncertaintity

Lösung ausblenden
TESTE DEIN WISSEN

definition of buffer stock

Lösung anzeigen
TESTE DEIN WISSEN


• Safety or buffer stock is held in excess of cycle stock because of

uncertainty in demand or lead time

Lösung ausblenden
TESTE DEIN WISSEN

what are the Considerations when setting Safety Stock?

Lösung anzeigen
TESTE DEIN WISSEN


There are three key problems which safety stock endeavors

to overcome

• Demand variability

• Replenishment time

• Service level

Lösung ausblenden
  • 34 Karteikarten
  • 88 Studierende
  • 0 Lernmaterialien

Beispielhafte Karteikarten für deinen Inventory and warehouse management Kurs an der Kwame Nkrumah University of Science and Technology - von Kommilitonen auf StudySmarter erstellt!

Q:
What is inventory?
A:
Stock of materials used to facilitate production or to satisfy customers 
Q:

What is the stock of materials(or quantity of goods ) kept for some purpose or use?

A:
Inventory 
Q:
Many of the items that a firm carries in inventory relate to the kind of business it engages in. T/F
A:
True
Q:

what are the Forms of inventory?

A:
  • Raw materials
  • Work in process
  • Finished  product 
  • *MROs
Q:
Work in progress?
A:
Total stock that is held within operations. Includes Partly finished goods, subassemblies to be made into end product 
Mehr Karteikarten anzeigen
Q:

What are Raw Materials form of  inventory 

A:

:

•They are items purchased from suppliers or

produced internally which are waiting to be

used in operations.

Q:
MROs
A:

items that are used in production but do not become

part of the product. These include hand tools, spare

parts, lubricants and so on


Q:

what are the conditions for keeping a cycle stock?

A:

cycle stock(connotes time interval) 

  • this type of inventory is kept under conditions of certainty and less variability in demand and supply.
  • demand is must be known and constant
  • lead time is known and constant



Q:

what is a cycle inventory

A:

Cycle stock is inventory that results from the replenishment of

inventory sold or used in production. It is required in order to

meet demand under conditions of certainty

Q:

what is a safety or buffer stock

A:

safety stock are meant to compensate for the very real and potential situation of uncertainty. suggests that buffer stock can complement the cycle stock in times of uncertaintity

Q:

definition of buffer stock

A:


• Safety or buffer stock is held in excess of cycle stock because of

uncertainty in demand or lead time

Q:

what are the Considerations when setting Safety Stock?

A:


There are three key problems which safety stock endeavors

to overcome

• Demand variability

• Replenishment time

• Service level

Inventory and warehouse management

Erstelle und finde Lernmaterialien auf StudySmarter.

Greife kostenlos auf tausende geteilte Karteikarten, Zusammenfassungen, Altklausuren und mehr zu.

Jetzt loslegen

Das sind die beliebtesten Inventory and warehouse management Kurse im gesamten StudySmarter Universum

Wound Management

University of Hull

Zum Kurs
LABORATORY MANAGEMENT

Far Eastern University

Zum Kurs
LEADERSHIP AND MANAGEMENT

Technological University of the Philippines

Zum Kurs

Die all-in-one Lernapp für Studierende

Greife auf Millionen geteilter Lernmaterialien der StudySmarter Community zu
Kostenlos anmelden Inventory and warehouse management
Erstelle Karteikarten und Zusammenfassungen mit den StudySmarter Tools
Kostenlos loslegen Inventory and warehouse management