INVENTORY, COMPANY FACTS AND FIGURES, FORECASTING

PAOLA PAREDES CASTILLO

GESTION LOGISTICA
SENA
2016

INVENTORY, COMPANY FACTS AND FIGURES, FORECASTING

PAOLA PAREDES CASTILLO

APRENDIZ

JENIIFER RUIZ VELASCO

INSTRUCTORA

GESTION LOGISTICA
FICHA 43
SENA
BARRANCABERMEJA
2016

Self-Test
Before taking the self- test, refer to text about inven- tory .
Check your knowledge of key terms in inventory by choosing the best definitions
for these terms.

1. Inventory permits to know existing items in an organization

a. invest money
b produce supplies
c. know existing items
d. control production
2. Inventory is useful for the organization because it transfers information to
all departments.
a. it wastes time.
b. it increases cash flow.
c. it transfers information to all departments.
d it has different functions.
3. A supplier disruption, a strike or shorta- ge of imported critical items are
possible causes to apply
a. predictability.
b. price protection.
c. safety inventory.
d. unreliability of supply .

4. Anticipation stock permits to keep items before an upcoming season arrives.

a.keep items before an upcoming season arrives.

b put inventory en route from one place to another.
c. buy products before prices increase.
d. control the production.
5. Raw materials are related to inventory because they are natural products
without any process.
a. they are natural products without any process.
b. they are products processed.
c. they are parts for machinery or company.
d. they work in progress.
6. The ABC analysis is an inventory application to establish policies to organize the
inventory.
a. keep inventory in an organization.
b. establish policies to organize the inventory.
c. find resources for the organization.
d. reduce cost in the organization.
7. Work-in-proces inventory are products or raw materials currently in process of
Transformation
a. products or raw materials
b. prices
c. cycle time
d. shipped products
8. A perishable product is
unit in inventory management.
a. costly storage requirements
b. high strategic value to customers
c. high rates of sale
d. high value per unit

an

example

of high value per

9. Record accuracy permits to determine items in the inventory.

a. products or raw materials
b. prices
c. cycle time
d.shipped products
10.

Cycle counting permits to audit inventories after they are counted.

a. audit

b. record
b. register
d. have

COMPANY FACTS AND FIGURES

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FORECASTING