NAMA Product Selection & Inventory Control 2

Question 1

Which inventory metric measures the number of times inventory is sold and replaced over a specific period?

Accepted Answer

Inventory turnover ratio

Answer

Inventory turnover ratio measures how many times stock is sold and replenished within a given period, indicating operational efficiency.

Question 2

A vending operator notices that a particular snack sells 50 units per week with a 2-week lead time. What is the reorder point if no safety stock is maintained?

Accepted Answer

100 units

Answer

Reorder point = average weekly demand × lead time = 50 × 2 = 100 units.

Question 3

In vending operations, what does a 'planogram' primarily help operators accomplish?

Accepted Answer

Organize machine shelf space for optimal product placement

Answer

A planogram is a visual diagram that guides how products should be arranged in a vending machine to maximize sales and minimize waste.

Question 4

Which of the following best describes 'ABC analysis' in vending inventory management?

Accepted Answer

Categorizing inventory by value and sales velocity to prioritize management effort

Answer

ABC analysis classifies products into A (high value/volume), B (moderate), and C (low), allowing operators to focus resources where they matter most.

Question 5

A vending machine consistently runs out of a popular beverage before the scheduled service visit. What is the most effective corrective action?

Accepted Answer

Increase the par level or service frequency for that machine

Answer

Increasing the par level or service frequency ensures the machine stays stocked to meet demand, preventing lost sales from stockouts.

(NAMA) National Automatic Merchandising Association Certification Practice Test

(NAMA) National Automatic Merchandising Association Certification Practice Test

NAMA Product Selection & Inventory Control 2