Inventory Control Techniques

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 reason to implement inventory controls?

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1. What is radio frequency identification?

2. What does the economic order quantity calculate?

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About This Quiz & Worksheet

See what you know about inventory control with this quiz and worksheet set. Questions will ask you to recognize key terms and apply concepts to solve problems.

Quiz & Worksheet Goals

In this quiz, you'll test your understanding of:

  • What radio frequency identification is
  • Benefits of implementing electronic inventory control
  • What the economic order quantity calculates

Skills Practiced

  • Problem solving - use acquired knowledge to solve for the economic order quantity for a given set of inputs
  • Defining key concepts - ensure that you can accurately define main phrases, such as radio frequency identification
  • Knowledge application - use your knowledge to answer questions about what are and are not benefits of electronic inventory management

Additional Learning

Find out more about different inventory management procedures with the lesson titled Inventory Control Techniques. Topics covered include:

  • What inventory is in a business setting
  • How just-in-time systems function
  • Real-world examples of different inventory management systems
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