Which of the following is an outcome of effective inventory control?

Enhance your contract management career by preparing for the Certified Professional Contract Manager Exam with multiple choice questions, detailed explanations, and expert tips.

The correct answer highlights that effective inventory control leads to optimal stock levels and minimal waste. When inventory is managed efficiently, organizations can maintain just the right amount of stock needed to meet demand without overstocking or understocking. This optimization helps to reduce the risk of excess inventory, which can lead to waste, particularly if products are perishable or subject to obsolescence.

Achieving optimal stock levels ensures that resources are utilized efficiently, which can contribute to reduced costs and improved cash flow for the organization. Minimal waste also reflects a commitment to sustainability and effective resource management, aligning with best practices in inventory management.

The other options do not align with the outcomes of effective inventory control. Increased project scopes and timelines would generally indicate inefficiencies and excess inventory issues, rather than effective management. The reduced quality of delivered products would signify poor inventory practices, such as failing to maintain the right conditions for products. While expanded supplier relationships can be a benefit of effective procurement processes, they are not a direct outcome of inventory control itself.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy