APICS CLTD Exam - Topic 2 Question 51 Discussion

Actual exam question for APICS's CLTD exam

Question #: 51
Topic #: 2

[All CLTD Questions]

Which of the following statements represents the primary function of inventory?

AMake products available while minimizing total carrying cost.

BRealize economies of scale while minimizing total carrying cost

CReduce ordering cost while minimizing total carrying cost

DBuffer against delivery time while minimizing total carrying cost

Show Suggested Answer

Suggested Answer: C

by Dominque at Nov 15, 2022, 09:08 AM

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Dell

6 months ago

Honestly, all options mention minimizing costs, but A feels the most complete.

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Adolph

6 months ago

D sounds right, but I’m surprised it’s even an option here.

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Mayra

6 months ago

C seems off to me; it’s not just about reducing ordering costs.

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Stephane

7 months ago

I think B makes a good point too, but A is more accurate.

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Adrianna

7 months ago

A is definitely the main goal of inventory management.

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Mike

7 months ago

I feel like option D might be right since it talks about buffering against delivery time, but I need to think more about how that relates to carrying costs.

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Shelba

7 months ago

I’m leaning towards option A because it mentions making products available, which seems crucial, but I’m a bit uncertain about the wording.

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Cory

7 months ago

I remember practicing a similar question, and I feel like minimizing total carrying cost is really important, but I can't recall which option emphasizes that the most.

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Margarita

7 months ago

I think the primary function of inventory is to make products available, but I'm not sure if that's the best answer here.

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Troy

7 months ago

I think I've got it. We need to calculate the weighted average number of shares outstanding during the year, and then divide the profit after tax by that number.

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I'm a little confused by the wording of the options. Does "multiple objects and hierarchies" mean it can rename objects and their associated families/types? Or is that a separate option? I'll have to read through this a few times to make sure I understand.

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Lorean

7 months ago

Hmm, I'm a bit unsure about this one. I know the cyber kill chain has different stages, but I'm not totally sure which one applies in this case.

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Elfrieda

1 year ago

The answer is clearly D. Buffering against delivery time is the whole point of having inventory, am I right? Anyone who thinks otherwise is a complete goofball.

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Taryn

11 months ago

I'm not sure, but I think B could also be a valid option. Realizing economies of scale while minimizing total carrying cost makes sense to me.

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Kathrine

11 months ago

I agree with you, A sounds like the correct answer.

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Helaine

11 months ago

I think the answer is A. Making products available while minimizing total carrying cost is the primary function of inventory.

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Jenifer

1 year ago

I'm not sure, but C seems the most logical to me. Reducing ordering costs is a key benefit of proper inventory management.

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Goldie

1 year ago

B sounds good. Economies of scale are important, and inventory helps achieve that while keeping costs down.

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Billy

11 months ago

B sounds good. Economies of scale are important, and inventory helps achieve that while keeping costs down.

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Odette

11 months ago

B) Realize economies of scale while minimizing total carrying cost

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Clarence

11 months ago

A) Make products available while minimizing total carrying cost.

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Howard

11 months ago

B sounds good. Economies of scale are important, and inventory helps achieve that while keeping costs down.

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Caprice

1 year ago

B) Realize economies of scale while minimizing total carrying cost

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Staci

1 year ago

A) Make products available while minimizing total carrying cost.

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Cherelle

1 year ago

I'm leaning towards A. Making products available while minimizing costs seems like the primary function of inventory to me.

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Whitney

12 months ago

Yeah, having products available while keeping costs low is essential for efficient inventory management.

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Laticia

1 year ago

I agree, A seems like the best option for the primary function of inventory.

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Aimee

1 year ago

Hmm, I think D is the correct answer. Inventory helps buffer against delivery times, which is crucial for keeping customers happy.

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Dong

1 year ago

I believe option A is the best choice because it ensures that products are available when needed while keeping costs low.

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Janey

1 year ago

I agree with Omega. Having inventory helps in meeting customer demand without incurring high carrying costs.

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Omega

1 year ago

I think the primary function of inventory is to make products available while minimizing total carrying cost.

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