Match the following List-I (Ratios for the Measurement of the Effectiveness of Inventory Management) List-II (Formula) a. Spare Parts Index 1. No. of Time out of StockNo. of Time Requistioned b. Compare progress with plans 2. Cost of Goods SoldAverage Inventory at Cost c. Out of Stock Index 3. sqrt 2DC_0C_i d. EOQ 4. Value of Spare Parts InventoryValue of Capital Equipment

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Product and Brand Management

Match the following

List-I (Ratios for the Measurement of the Effectiveness of Inventory Management) List-II (Formula)

a. Spare Parts Index 1. $$\frac{{{\text{No}}{\text{. of Time out of Stock}}}}{{{\text{No}}{\text{. of Time Requistioned}}}}$$

b. Compare progress with plans 2. $$\frac{{{\text{Cost of Goods Sold}}}}{{{\text{Average Inventory at Cost}}}}$$

c. Out of Stock Index 3. $$\sqrt {\frac{{2{\text{D}}{{\text{C}}_0}}}{{{{\text{C}}_{\text{i}}}}}} $$

d. EOQ 4. $$\frac{{{\text{Value of Spare Parts Inventory}}}}{{{\text{Value of Capital Equipment}}}}$$

A) a-1, b-2, c-3, d-4 B) a-3, b-1, c-4, d-2 C) a-1, b-3, c-4, d-2 D) a-4, b-1, c-2, d-3

Answer & Solution

Correct Answer: Option D

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List-I (Ratios for the Measurement of the Effectiveness of Inventory Management)	List-II (Formula)
a. Spare Parts Index	1. $$\frac{{{\text{No}}{\text{. of Time out of Stock}}}}{{{\text{No}}{\text{. of Time Requistioned}}}}$$
b. Compare progress with plans	2. $$\frac{{{\text{Cost of Goods Sold}}}}{{{\text{Average Inventory at Cost}}}}$$
c. Out of Stock Index	3. $$\sqrt {\frac{{2{\text{D}}{{\text{C}}_0}}}{{{{\text{C}}_{\text{i}}}}}} $$
d. EOQ	4. $$\frac{{{\text{Value of Spare Parts Inventory}}}}{{{\text{Value of Capital Equipment}}}}$$