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Match the Inventory Control Term to Its Correct Definition

Question 14

Matching

Match the inventory control term to its correct definition.

Premises:
time needed between reorder and arrival of an item
item of major cost used on an ongoing basis
items that are used more than once but are not a major cost
time before expiration date of the product
item to be shipped at a later date
item used up doing a procedure
minimum quantity on hand before reordering is necessary
printed order for materials or equipment purchase
printed card with information such as supplier,cost, quantity
list of items in an order that may also have payment information
Responses:
shelf life
reorder point
nonexpendable supply
expendable supply
purchase order
inventory control card
capital supply
back order
invoice
lead time

Correct Answer:

time needed between reorder and arrival of an item
item of major cost used on an ongoing basis
items that are used more than once but are not a major cost
time before expiration date of the product
item to be shipped at a later date
item used up doing a procedure
minimum quantity on hand before reordering is necessary
printed order for materials or equipment purchase
printed card with information such as supplier,cost, quantity
list of items in an order that may also have payment information
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