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CIPS Exam L4M7 Topic 3 Question 42 Discussion

Actual exam question for CIPS's L4M7 exam
Question #: 42
Topic #: 3
[All L4M7 Questions]

Which of the following best describes available inventory (also known as inventory position)?

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Suggested Answer: B

Available inventory (or Inventory position - IP) is equal to inventory on-hand plus quantity on order minus backorder (if any)


LO 2, AC 2.3

by Viva at Aug 25, 2024, 08:08 AM

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Nilsa
5 months ago
C seems a bit too narrow. Inventory position should reflect the full supply picture.
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Marcos
5 months ago
I'm going with B. Gotta keep track of the whole picture to manage stock effectively.
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Tamesha
5 months ago
Haha, I bet the correct answer is 'all of the above' - inventory management is never that straightforward!
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Mike
5 months ago
D) The amount of inventory on hand in excess of expected demand
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Jennifer
5 months ago
C) The amount of inventory on order only
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Marla
5 months ago
B) The amount of inventory on hand plus the amount of inventory on order
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Buck
5 months ago
A) The amount of inventory on hand
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Francine
5 months ago
I think the answer is A) The amount of inventory on hand, as that seems like the most basic definition.
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Gene
6 months ago
D is definitely not right - that's just excess inventory, not the overall position.
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Johnna
5 months ago
B) The amount of inventory on hand plus the amount of inventory on order
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Susy
5 months ago
A) The amount of inventory on hand
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Destiny
5 months ago
B) The amount of inventory on hand plus the amount of inventory on order
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Kate
5 months ago
A) The amount of inventory on hand
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Margarita
6 months ago
I'm not sure, but I think it might be D) The amount of inventory on hand in excess of expected demand.
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Fletcher
6 months ago
I agree with Wilburn, because it gives a more comprehensive view of the inventory position.
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Graciela
6 months ago
Option B seems the most comprehensive to me. Inventory position should account for both what's on hand and what's on order.
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Kris
5 months ago
Definitely, knowing the total inventory position helps in making informed decisions about ordering and stocking levels.
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Juliana
5 months ago
Yes, having visibility into both current inventory and future inventory is crucial for effective inventory management.
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Ivette
6 months ago
I agree, option B is the most comprehensive. It's important to know both what's on hand and what's on order.
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Wilburn
6 months ago
I think the answer is B) The amount of inventory on hand plus the amount of inventory on order.
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