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Q1.

Which of the following is a recognised means of measuring obsolete stock?

Answer: D
Q2.

A joint performance measurement system should benefit both buyer and supplier. Which of the following is a benefit to the buying organisation?

Answer: A
Q3.

Which of the following best describes the term 'vendor rating'?

Answer: A
Q4.

Which of the following is a useful indicator that the value of stock held is too high or too low?

Answer: B
Q5.

Which of the following could be used to measure the effectiveness of inventory management?

Answer: B

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