Receiving procedures Flashcards

1
Q

blind check receiving method, given blind invoice or purchase order listing incoming merchandise but omitting ___, ___

A

Quantities, weights

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2
Q

blind check pro con

A

force clerk check, take longer cost more

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3
Q

Person who purchase should/ should not be the one to receive them

A

should not

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4
Q

organize food in storage base on

A

raw, prepared, partially prepared

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5
Q

dry storage T range

A

50-70

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6
Q

humidity is measured by ___ ,%-%

A

hygrometer 50-60%

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7
Q

frozen foods :

A

0- -10 F

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8
Q

fresh eggs in shell can be stored

A

3-5 weeks

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9
Q

raw yolks whites can be stored

A

2-4 days

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10
Q

fresh poultry, ground meat, fresh fish, shellfish can be stored

A

1-2 days

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11
Q

steaks, chops, roasts can be stored

A

3-5 days

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12
Q

update each time an item is placed is called (inventory management)

A

perpetual inventory

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13
Q

Actual count of all goods on hand at end of accounting period is called (inventory management)

A

physical inventory

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14
Q

number of days from placing order until delivery is called

A

lead time

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15
Q

small back up supply to ensure against sudden increase in use

A

safety stock

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16
Q

how many to order? formula (av daily use, lead time, safety stock)

A

av daily use * lead time + safety stock

17
Q

difference between mini max stock and par stock

A

min-max does not order until min, and order same quantity, par order based on par level, set order time

18
Q

15-20% of _ of items in stock constitutes _ -_ of total annual value

A

number 75-80% A

19
Q

-% of inventory items compromise only -% of value

A

60-65 5-10 C

20
Q

FIFO base on _ price paid * number of units, tend to __

A

last overestimate

21
Q

LIFO base on _ price paid tend to _

A

oldest price underestimate