Advanced Inventory Control — Assessment

1. Why is on-hand stock not always the same as available stock?

Because on-hand updates once per day, not in real time Because AWRA only tracks items sold through POS Some stock may be held, damaged, in transit, quarantined, or pending review Because the system rounds quantities at month end

2. What should you check before buying because one branch is short?

Whether the item category is flagged as non-transferable Whether another branch has excess stock that can be transferred Only the supplier website Whether the reorder level was set above the safety buffer

3. What does a recurring variance reason indicate?

A pattern worth investigating operationally A one-off data entry mistake with no further meaning A sign that the reorder level should be lowered Evidence the count session should be discarded entirely

4. What is the purpose of hold and release controls?

To reserve stock permanently without requiring a release step To force all purchases through finance To prevent warehouse staff from viewing item details To protect customers and reports from stock that is not safely sellable

5. What should happen after a count variance is approved?

It should be noted but left unposted until the next full stock count The count session should be reopened and all lines resubmitted The transfer should be canceled automatically It should be applied with an explainable reason and evidence trail

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