Inventory & Supply Management Flashcards
7 cards from real RCS practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Inventory & Supply Management flashcards as text
Which of the following BEST describes an ABC analysis in supply management?
Answer: Categorizing inventory by value and usage frequency to prioritize management effort
ABC analysis ranks inventory into three tiers—A (high value/use), B (moderate), C (low)—to focus resources on the most critical items.
What information should be recorded on a cleaning supply log each time a product is removed from storage?
Answer: The item name, quantity taken, date, and employee name
Recording item name, quantity, date, and employee name enables accurate usage tracking and accountability.
A company switches from purchasing pre-diluted cleaners to purchasing concentrates. What is the PRIMARY operational change needed?
Answer: Training staff on proper dilution ratios to ensure effective and safe use
Concentrates require staff to dilute correctly; improper ratios can render products ineffective or create safety hazards.
Which of the following is an example of a 'just-in-time' (JIT) inventory approach for a cleaning service?
Answer: Placing small, frequent orders timed to arrive just before current stock runs out
JIT inventory minimizes on-hand stock by ordering frequently and timing deliveries to match demand closely.
When a cleaning product's label indicates a shelf life of 12 months, what does this mean for inventory management?
Answer: Stock should be ordered in quantities that can be fully used within 12 months
Ordering within consumption capacity for the shelf life period prevents waste from expired, ineffective products.
A residential cleaning company tracks its inventory turnover ratio. A higher ratio generally indicates:
Answer: Supplies are being used and replenished efficiently
A higher inventory turnover ratio means stock is being used and replaced quickly, indicating efficient supply management.
What is the purpose of requiring two signatures on a supply requisition form?
Answer: To create an internal control that reduces unauthorized supply requests
Dual signatures serve as an internal control, requiring authorization from more than one person to prevent unauthorized or fraudulent supply requests.