Annexure

Questionnaire
1. Choose an appropriate Inventory control Practices for your organization:-
Never Rarely Sometimes Often Very often

Prepare
inventory
budgets


Review
inventory
levels


2. Inventory Monitoring and Inventory Ordering

Daily
Weekly Fortnightly Monthly

Quarterly


Stock
Monitoring
frequency




Order
frequency

3. Methods used to determine the Maximum or Minimum Inventory Levels
a. Economic order
quantity(EOQ)
b. Inventory turnover
ratio
c. Owner/manager
judgments
d. Sales projections
e. Past experience









4. Level of Effectiveness in Inventory Budgeting Practices
I/B
Indicators
Not
effective
Least
effective
Fairly
effective
Effective Highly
effective
a.
Preparation
of
inventory
budgeting
b. updating
the
inventory
budgets
c. Use of
inventory
budgets in
tracking
inventory
d. Use of computers in
inventory budgeting

5. Level of Effectiveness in Inventory Levels Management Practices
Inventory level
indicators
Not
effective
Least
effective
Fairly
effective
Effective Highly
effective

Review of
inventory
levels


Determination
of appropriate
maximum and
minimum
inventory
levels


Determination
of appropriate
reorder level
of stock


Ensuring
availability of
adequate
stock at all

times

Use of
computers in
monitoring
inventory
levels


6. Is your company using the most effective method to calculate your safety stock
levels?
a. Yes
b. No
7. Do you recalculate safety stock levels on a regular basis to ensure they are up to
date?
a. Yes
b. No
8. Is the optimal order or production frequency calculated on a regular basis as part
of a continuous improvement process?
a. Yes
b. No
9. Do you have regular visibility into excess and obsolete stock, and is it linked to
targeted action plans to sell off or reduce this inventory?
a. Yes
b. No
10. Do you apply the above practices to all parts of your inventory (finished goods, raw
material, works in process and spare parts) and in all organizational entities?
a. Yes
b. No