Inventory Management - Knowledge Check
Quiz by Bernice W. Broussard
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- Q1
This is extra inventory kept on hand in case customers buy more than the estimated amount before the next shipment arrives.
Out-of-stock
Back stock
Safety stock
Replenishment
20s - Q2
This is a machine-readable series of parallel lines that combine to create a unique item identifier
Barcode
Excess inventory
RFID
PLU
30s - Q3
The process of automatic or manual ordering to meet product demands is called
PLU
RFID
Inventory replenishment
Excess inventory
30s - Q4
The process of placing invenntory on sales floor shelves, racks or other displays to be sold is called
Stocking
Back stock
Out-of-stock
Excess inventory
30s - Q5
The term for when a retailer has run out of a particular item is
Excess inventory
Back stock
Out-of-stock
Safety stock
30s - Q6
When products arrive at a physical store, the process used to enter it into the store's on-hand inventory is called
Stocking
Receiving
Inventory replenishment
Inventory tracking
30s - Q7
Juliana is stocking shampoo on the sales floor. She finds a bottle that has a hole and is leaking shampoo, and throws it out. She then continues stocking and moves on with her day. Which of the following would then be true?
The inventory system's numbers would still be accurate.
The number of shampoo bottles in the inventory system would be too high.
The number of shampoo bottles in the inventory system would be too low.
The inventory would need to be counted manually.
30s