Inventory Control: Definition & Best Practices

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is NOT a benefit of inventory control?

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1. All of the following are benefits of a just-in-time (JIT) system EXCEPT:

2. Which of the following is NOT a technique for inventory control mentioned in the lesson?

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About This Quiz & Worksheet

How does inventory control work and what systems does it employ? See what you know about this process and its benefits by using the quiz and worksheet.

Quiz & Worksheet Goals

You can check your knowledge of:

  • Techniques for inventory control
  • Benefits of a just-in-time system
  • What obsolescence is
  • An inventory's reorder point
  • Benefits of inventory control

Skills Practiced

  • Making connections - use understanding of the concept of inventory control and its benefits for businesses
  • Information recall - access the knowledge you have gained about the meaning of obsolescence
  • Interpreting information - verify that you can read information about the benefits of a just-in-time system and interpret them correctly

Additional Learning

If you would like to learn more, use the lesson named Inventory Control: Definition & Best Practices. Using this lesson, you can:

  • Determine what inventory control refers to
  • Review characteristics of just-in-time systems
  • Identify inventory control methods
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