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ISM Exam INTE 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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Maryann

1 months ago

Haha, I bet the answer is D. Safety stock, because we all need a little extra just in case, right?

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Gilbert

1 months ago

Ugh, these inventory management questions are the worst. I'm going with C, but I'm not confident about it.

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Clorinda

1 days ago

I'm not sure either, but I'll go with B, continuous inventory.

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Kate

3 days ago

I believe it's A, buffer stock.

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Arlean

8 days ago

I'm going with D, safety stock.

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Tiffiny

9 days ago

I think it's C too, anticipation inventory.

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Denise

1 months ago

I'm torn between B and C, but I think C is the safest bet here.

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Jina

1 months ago

Definitely C. Anticipation inventory makes the most sense for a well-defined future need.

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Kristeen

3 days ago

Safety stock is more for unexpected events, so I would go with anticipation inventory for future needs.

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Elmer

14 days ago

I think buffer stock could also be used for future needs, but anticipation inventory is more targeted.

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Ernie

18 days ago

I agree, anticipation inventory is specifically for future needs.

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Alica

2 months ago

I'm not sure, but I think it could also be D) safety stock for unexpected situations.

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Shelba

2 months ago

I agree with Thea, anticipation inventory makes sense for future needs.

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Thea

3 months ago

I think the answer is C) anticipation inventory.

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