ASE Parts Specialist 3 — Questions and Answers
Question 1: A part is overstocked and not selling. Which inventory action helps recover its value?
- Return it to the supplier under a stock adjustment (Correct answer)
- Discard it immediately
- Reclassify it as a core
- Mark it NLA
Correct answer: Return it to the supplier under a stock adjustment
A stock return or adjustment lets you recover value on slow-moving overstock.
Question 2: What is the primary purpose of a perpetual inventory system?
- It updates stock counts in real time with each transaction (Correct answer)
- It counts stock only once per year
- It tracks only core deposits
- It lists supplier addresses
Correct answer: It updates stock counts in real time with each transaction
A perpetual system continuously updates quantities as parts are received and sold.
Question 3: A technician orders a wheel bearing but gives only the model and year. What additional info is most critical?
- Drivetrain and whether it has ABS (Correct answer)
- The vehicle's color
- The customer's phone number
- The retail price
Correct answer: Drivetrain and whether it has ABS
Drivetrain and ABS equipment often change which bearing assembly fits.
Question 4: Which term describes parts kept on hand specifically because they are frequently requested?
- Stocking inventory (Correct answer)
- Dead stock
- Core inventory
- Consignment stock
Correct answer: Stocking inventory
Fast-moving, regularly demanded parts are kept as stocking inventory.
Question 5: When receiving a shipment, what should you do before stocking the parts?
- Verify quantities and part numbers against the packing slip (Correct answer)
- Immediately mark them sold
- Discard the packing slip
- Apply a core charge
Correct answer: Verify quantities and part numbers against the packing slip
Checking received items against the packing slip catches shortages and errors early.
Question 6: A 'min/max' setting in inventory software controls what?
- When to reorder and how much to keep on the shelf (Correct answer)
- The retail markup percentage
- The core deposit amount
- The warranty period
Correct answer: When to reorder and how much to keep on the shelf
Min/max levels trigger reorders and cap shelf quantities for each part.
Question 7: Why should hazardous parts like batteries be stored according to specific guidelines?
- To meet safety and environmental regulations (Correct answer)
- To increase their retail price
- To extend the warranty period
- To qualify them as cores
Correct answer: To meet safety and environmental regulations
Proper storage of hazardous items complies with safety and environmental rules.
ASE Parts Specialist 3
A part is overstocked and not selling.
Which inventory action helps recover its value?