Technology & Inventory Software Flashcards
7 cards from real CIM practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Technology & Inventory Software flashcards as text
Which type of inventory software module uses historical sales data and statistical models to predict future demand?
Answer: Demand forecasting module
Demand forecasting modules apply statistical algorithms to historical data to generate forward-looking demand predictions.
A company uses a cloud-based WMS with a SaaS pricing model. What is a key ADVANTAGE over an on-premise system?
Answer: Lower upfront capital expenditure and automatic software updates
SaaS WMS eliminates large upfront licensing and hardware costs, and updates are managed by the vendor automatically.
What is the purpose of a 'lot tracking' feature in inventory management software?
Answer: Links inventory batches to production or receipt records for traceability
Lot tracking associates inventory batches with specific receipt or production records, enabling recalls and expiration management.
In ERP inventory modules, what does 'two-way matching' validate before approving an invoice for payment?
Answer: Purchase order and invoice
Two-way matching compares the purchase order and vendor invoice to verify quantities and prices align before payment is approved.
Which inventory technology uses light-directed systems to guide warehouse pickers to correct bin locations?
Answer: Pick-to-light
Pick-to-light systems use LED displays mounted on bins to direct pickers to the correct location and quantity, reducing errors.
When evaluating inventory software vendors, which metric best measures how well the system handles increasing transaction volumes over time?
Answer: Scalability
Scalability measures a system's ability to maintain performance as transaction volume, user count, and data size grow.
A barcode scanner reads a UPC code on a product. Which database record is immediately updated in a modern POS-integrated inventory system?
Answer: On-hand inventory quantity for that SKU
Scanning a UPC at POS triggers a real-time decrement of the on-hand inventory quantity for that SKU in the inventory database.