NAMA Product Selection & Inventory Control

Question 1

What is the role of product selection in vending operations?

Accepted Answer

Choose products to meet demand

Answer

To confuse customers

Answer

To reduce product variety

Answer

Ignore customer needs

Question 2

How can inventory control help reduce costs in vending?

Accepted Answer

Tracking usage and preventing overstocking

Answer

Increasing product prices

Answer

Reducing product quality

Answer

Buying in bulk only

Question 3

What does effective inventory management ensure in vending operations?

Accepted Answer

Right products at the right time

Answer

Delays product restocking

Answer

Increases waste

Answer

Limits product options

Question 4

What is the importance of demand forecasting in product selection?

Accepted Answer

Predict demand and adjust inventory

Answer

It wastes time

Answer

Confuses stock planning

Answer

Makes stocking irrelevant

Question 5

How can seasonal trends affect product selection in vending machines?

Accepted Answer

Require product adjustments

Answer

No impact

Answer

Decrease sales

Answer

Only affect large companies

Question 6

What role do sales data play in inventory control?

Accepted Answer

Help inform restocking decisions

Answer

Are irrelevant

Answer

Slow down inventory management

Answer

Cause confusion

Question 7

Why is stock rotation important in vending?

Accepted Answer

Prevents waste by selling older stock first

Answer

Is optional

Answer

Increases costs

Answer

Reduces product variety

Question 8

What is a common method for managing inventory in vending?

Accepted Answer

Barcode scanning or software

Answer

Manual counting only

Answer

Guessing inventory levels

Answer

Only stock popular items

Question 9

How does overstocking affect vending operations?

Accepted Answer

Ties up capital and increases waste

Answer

Has no effect

Answer

Improves sales

Answer

Reduces product variety