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
What is the PRIMARY purpose of a 'goods receipt' transaction in an ERP inventory module?
Answer: To record the physical arrival and acceptance of inventory into stock
A goods receipt transaction officially records that purchased items have been physically received and accepted, updating on-hand inventory.
Which software capability allows inventory planners to model 'what-if' scenarios such as demand spikes or supplier disruptions?
Answer: Simulation and scenario planning tools
Simulation and scenario planning tools let planners test the impact of hypothetical events on inventory levels and supply chain performance.
In a perpetual inventory system supported by software, inventory records are updated:
Answer: After each individual transaction in real time
Perpetual inventory systems update records after every transaction—receipt, sale, transfer, or adjustment—providing continuous accuracy.
A company's inventory software flags an item as 'negative on-hand.' What most likely caused this?
Answer: A sales order shipped before the receiving transaction was posted
Negative on-hand inventory typically occurs when outbound transactions (shipments) are recorded before the corresponding inbound receipt is posted.
Which feature in inventory management software helps ensure FIFO compliance by directing pickers to the oldest received stock first?
Answer: Lot tracking with FIFO allocation rules
Lot tracking combined with FIFO allocation rules directs pickers to the oldest lot first, ensuring proper stock rotation.
What is the role of a 'middleware' layer in integrating a legacy inventory system with a modern e-commerce platform?
Answer: It translates and routes data between incompatible systems without replacing either
Middleware acts as a translator and data broker between systems with different data formats or protocols, enabling integration without replacing existing platforms.
A distributor uses vendor-managed inventory (VMI) software. Who is primarily responsible for monitoring stock levels and triggering replenishment?
Answer: The supplier
In VMI, the supplier accesses the distributor's inventory data and takes responsibility for maintaining agreed stock levels and initiating replenishment.