Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

ISM INTE Exam - Topic 3 Question 8 Discussion

Material accumulated for a well-defined future need is called
D) safety stock
A) buffer stock
B) continuous inventory
C) anticipation inventory

ISM INTE Exam - Topic 3 Question 8 Discussion

Actual exam question for ISM's INTE exam
Question #: 8
Topic #: 3
[All INTE Questions]

Material accumulated for a well-defined future need is called

Show Suggested Answer Hide Answer
Suggested Answer: D

The graph shows inventory levels being replenished back to the maximum level immediately after reaching zero, indicating near-instantaneous replenishment. This is characteristic of a system where the lead time for orders is very short or negligible, allowing the firm to maintain optimal inventory levels without significant delay. This approach minimizes stockouts and ensures a con-tinuous supply of inventory. Reference:

* Stevenson, W. J. (2018). Operations Management. McGraw-Hill Education.

* Silver, E. A., Pyke, D. F., & Thomas, D. J. (2016). Inventory and Production Management in Supply Chains. CRC Press.


by Dong at Jul 19, 2024, 01:15 AM

Limited Time Offer

25%

Off

Get Premium INTE Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Kerrie
8 months ago
Really? I always thought it was just called stock.
upvoted 0 times
...
Graciela
9 months ago
100% agree, anticipation inventory is the right term.
upvoted 0 times
...
Ludivina
9 months ago
Wait, isn't buffer stock the same thing?
upvoted 0 times
...
Jestine
9 months ago
I thought it was safety stock.
upvoted 0 times
...
Vallie
9 months ago
It's definitely called anticipation inventory!
upvoted 0 times
...
Silva
9 months ago
I’m leaning towards A, buffer stock, but I could be mixing it up with continuous inventory.
upvoted 0 times
...
Yan
10 months ago
I feel like I’ve seen a question like this before, and I think safety stock was more about protecting against variability, not future needs.
upvoted 0 times
...
Paz
10 months ago
I’m not entirely sure, but I remember something about buffer stock being related to unexpected demand.
upvoted 0 times
...
Laquanda
10 months ago
I think the answer might be C, anticipation inventory, since it’s for future needs.
upvoted 0 times
...
Pearlie
10 months ago
This is a tricky one. I'm going to review my notes and try to eliminate the options that don't fit the description.
upvoted 0 times
...
Felix
10 months ago
I remember learning about anticipation inventory in class. I think that might be the right answer, but I'll double-check the definitions to be sure.
upvoted 0 times
...
Tien
10 months ago
Okay, let's see. I know buffer stock and safety stock are both types of inventory, so I'll need to consider the differences between them.
upvoted 0 times
...
Ivory
10 months ago
Hmm, I'm not sure about this one. I'll need to think it through carefully.
upvoted 0 times
...
Ahmed
10 months ago
This looks like a straightforward inventory management question. I'm pretty confident I can figure this out.
upvoted 0 times
...
Reta
10 months ago
Okay, I think I've got this. Based on the router interfaces and IP addressing, I believe Option C is the right configuration to set up the required connectivity.
upvoted 0 times
...
Yaeko
10 months ago
I'm pretty confident that option B is the right answer here. The question is specifically asking about what happens when an entity is not required to register for sales tax, so sales tax won't be added to the sales price.
upvoted 0 times
...
Janessa
10 months ago
I'm a little confused by this question. Is Requirements Validation also a possible solution, or is that not quite relevant to the issue of stakeholder participation? I'll have to think about this one a bit more.
upvoted 0 times
...
Maryann
1 year ago
Haha, I bet the answer is D. Safety stock, because we all need a little extra just in case, right?
upvoted 0 times
...
Gilbert
1 year ago
Ugh, these inventory management questions are the worst. I'm going with C, but I'm not confident about it.
upvoted 0 times
Clorinda
1 year ago
I'm not sure either, but I'll go with B, continuous inventory.
upvoted 0 times
...
Kate
1 year ago
I believe it's A, buffer stock.
upvoted 0 times
...
Arlean
1 year ago
I'm going with D, safety stock.
upvoted 0 times
...
Tiffiny
1 year ago
I think it's C too, anticipation inventory.
upvoted 0 times
...
...
Denise
1 year ago
I'm torn between B and C, but I think C is the safest bet here.
upvoted 0 times
...
Jina
1 year ago
Definitely C. Anticipation inventory makes the most sense for a well-defined future need.
upvoted 0 times
Kristeen
1 year ago
Safety stock is more for unexpected events, so I would go with anticipation inventory for future needs.
upvoted 0 times
...
Elmer
1 year ago
I think buffer stock could also be used for future needs, but anticipation inventory is more targeted.
upvoted 0 times
...
Ernie
1 year ago
I agree, anticipation inventory is specifically for future needs.
upvoted 0 times
...
...
Alica
1 year ago
I'm not sure, but I think it could also be D) safety stock for unexpected situations.
upvoted 0 times
...
Shelba
1 year ago
I agree with Thea, anticipation inventory makes sense for future needs.
upvoted 0 times
...
Thea
1 year ago
I think the answer is C) anticipation inventory.
upvoted 0 times
...

Save Cancel