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

Abuffer stock

Bcontinuous inventory

Canticipation inventory

Dsafety stock

Show Suggested 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

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Kerrie

10 months ago

Really? I always thought it was just called stock.

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Graciela

10 months ago

100% agree, anticipation inventory is the right term.

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Ludivina

10 months ago

Wait, isn't buffer stock the same thing?

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Jestine

11 months ago

I thought it was safety stock.

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Vallie

11 months ago

It's definitely called anticipation inventory!

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Silva

11 months ago

I’m leaning towards A, buffer stock, but I could be mixing it up with continuous inventory.

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Yan

11 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.

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Paz

11 months ago

I’m not entirely sure, but I remember something about buffer stock being related to unexpected demand.

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Laquanda

11 months ago

I think the answer might be C, anticipation inventory, since it’s for future needs.

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Pearlie

11 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.

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Felix

11 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.

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Tien

12 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.

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Ivory

12 months ago

Hmm, I'm not sure about this one. I'll need to think it through carefully.

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Ahmed

12 months ago

This looks like a straightforward inventory management question. I'm pretty confident I can figure this out.

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Reta

12 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.

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Yaeko

12 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.

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Janessa

12 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.

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