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A manufacturer is making a plan for strategic safety stock. To do so, they must analyse the proba-bility of a stock out occurring and the cost impacts if it does. Which of the following are typical costs the manufacturer may incur in 'out of stock' event? Select TWO that apply.

Options:

Extra costs for urgent transportation

Cost of equipment downtime

Costs for qualifying suppliers

Costs of handling inventory

Costs of approving the requisition

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Question 2

A manufacturer has discovered that some of the stock in its storeroom is obsolete and now wishes to take the appropriate action. Should the manufacturer write the stock off?

Options:

No, the best approach would be to leave the stock where it is

Yes, as it has no value it must be written off

Yes, this will increase the sales for the period

No, it should be included with the closing stock

Question 3

Holding inventory is key to ensure that an organisation can maintain production and meet customer demands. Which of the following are classes of inventory? SelectTHREEthat apply.

Options:

Raw material

Machines

Finished products

Sub-assemblies

Scrap components

Forklift trucks

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Whole Life Asset Management Questions and Answers

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CompTIA

Fortinet

Microsoft

Salesforce