1) The stock level at which a new order is placed a) Minimum Inventory Level b) Maximum Inventory Level c) Re-order Level d) Re-order Quantity e) Lead Time f) Buffer Inventory 2) The lowest amount of stock a business should hold a) Minimum Inventory Level b) Maximum Inventory Level c) Re-order Level d) Re-order Quantity e) Lead Time f) Buffer Inventory 3) The level of inventory kept below the minimum inventory level a) Minimum Inventory Level b) Maximum Inventory Level c) Re-order Level d) Re-order Quantity e) Lead Time f) Buffer Inventory 4) The amount of stock ordered when the re-order level is reached a) Minimum Inventory Level b) Maximum Inventory Level c) Re-order Level d) Re-order Quantity e) Lead Time f) Buffer Inventory 5) The highest amount of stock a business is willing to hold a) Minimum Inventory Level b) Maximum Inventory Level c) Re-order Level d) Re-order Quantity e) Lead Time f) Buffer Inventory 6) The time between placing an order and receiving the stock. a) Minimum Inventory Level b) Maximum Inventory Level c) Re-order Level d) Re-order Quantity e) Lead Time f) Buffer Inventory

Inventory Management (1)

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