Stock & Inventory Control (P-487)

Question 1

ACB Consists of How many Categories, and what are they?

Answer 1

-Two/ Basic Necessity type items (Used for day to day living)/ Semi-Luxury type items.

Question 2

What is ASL, and what type of items does it deal with?

Answer 2

-Automated Ship Store Afloat Catalog Listing Guide/ Deals with Semi-Luxury type items, and Basic Necessity type items that are not listed on the ACB.

Question 3

What consists of each different size, brand, and model number?

Answer 3

-Line Item

Question 4

This identified by a series of thin and wide vertical stripes, called barcodes, which are electronically read by a scanner and are translated into numbers?

Answer 4

-UPC (Universal Product Code)

Question 5

The maximum numbers of line items are indicated next to each retail department on what document?

Answer 5

-Nexcom Pub-81

Question 6

Who must determine the condition of items currently stocked?

Answer 6

-Sales Officer

Question 7

Request to add and change the stock listings in the Nexcom pub-81 will be sent to whom via copy?

Answer 7

-Nexcom/copy to Tycom

Question 8

Stock numbers consist of how many digits, how many are class and sequence?

Answer 8

-10 digits /6-class/4-sequence

Question 9

Any item not listed in the ACB, ASL, special bulletin or foreign merchandise bulletin will be assigned what classification number?

Answer 9

-960000

Question 10

What are department codes A-1, A-2, S-1, D1, D3, E-1, K4, M3, P1, and T1?

Answer 10

• A-1 (Cookies and Confections)
• A-2 (Smoking Products)
• S-1 (Snack Bars)
• D-1 (Toiletries)
• D3 (Sundries)
• E-1 (Uniforms)
• K-4 (Water, Energy Drinks)
• M-3 (Canned Drinks)
• P-1 (Postal Stamp)
• T-1 (Prepaid Card)

Question 11

Foreign Merchandise is what department code?

Answer 11

-F-8

Question 12

The total dollar amount of emblematic items should not exceed what percentage of the total ships store inventory at cost value?

Answer 12

-15%

Question 13

Emblematic inventory report should be reviewed by what whom prior to procurement of additional emblematic inventory?

Answer 13

-Sales Officer

Question 14

The dollar value percentage of emblematic inventory is reported to whom monthly on the ship store management report?

Answer 14

-CO

Question 15

Excessive Emblematic Inventory is reported to whom?

Answer 15

-Tycom

Question 16

Who will sign DD form 1155’s for all purchases of Emblematic items and must determine if the quantity ordered will be over the 15%?

Answer 16

-Senior Supply Officer

Question 17

Emblematic items must be flagged on the stock record card with what symbol?

Answer 17

E

Question 18

Upon approval from whom may Emblematic items be sold to the general public during authorized ship tours, VIP Visits, and pier side sales?

Answer 18

-CO

Question 19

Tax free tobacco products will not be sold or transferred ashore or relanded within how many miles of the U.S.?

Answer 19

-3 miles

Question 20

What with the Ships identification or Ships patch may be issued to food service personnel as organizational clothing?

Answer 20

-Emblematic T-shirts

Question 21

Special Occupational & Environmental clothing & Textile items (sheets& pillow cases) will not be stocked without written authority from whom?

Answer 21

-Naval Supply Systems Command

Question 22

The purchase and sale of sunglasses is restricted to tested and approved models having what type of frame and glass or plastic lenses free from undesirable optional properties?

Answer 22

-Metal or Slow burning plastic

Question 23

What are items, which may be returned to the vendor for credit invoice by using a credit memorandum (DD Form 1149)?

Answer 23

-Guaranteed Items

Question 24

The Sale of Magazines, comics, pocket size books, other periodicals or recorded material considered offensive are strictly, what?

Answer 24

-Prohibited

Question 25

For examples, 11 tubes of toothpaste ordered, one free tube offered or 1000 toothbrushes ordered, one free camera or wristwatch ordered these items are known as what type of items?

Answer 25

-Bonus Free items

Question 26

If the bonus free items are the same as an ordered item, the user must change the cost price to what amount for the bonus free item?

Answer 26

-Zero 0

Question 27

The existence of hazardous merchandise will immediately be reported to whom?

Answer 27

-Nexcom

Question 28

The inventory of foreign merchandise on hand will be for the duration the ship will be operating in foreign area but will not exceed how many days?

Answer 28

-90 days (5months Deployment =90 days)

Question 29

After a 90 day period Procurement may not be made exceed estimated sales for a remaining of how many days?

Answer 29

-60 days

Question 30

Stock will not be procured if it will arrive onboard how many days or less prior to the ships departure from the foreign area?

Answer 30

-30 days

Question 31

Nexcom supports ships in what area with a range of popular foreign merchandise authorized for stock in ships stores?

Answer 31

-Mediterranean

Question 32

The Navy Exchange charges what percentage of restocking fee, for all items returned?

Answer 32

-10%

Question 33

What is the Maximum Authorized inventory for ships conus and ships deployed?

Answer 33

-Conus $102.00 per person/ Deployed $204.00 per person

Question 34

What is stock turn?

Answer 34

-Stock turn is the movement of stock through the ship store

Question 35

What should stock turn be per month?

Answer 35

-.33

Question 36

What should stock turn be in a 3 month period?

Answer 36

-1

Question 37

What should stock turn be per accounting period?

Answer 37

-1.33

Question 38

What should stock turn be per year (12month)?

Answer 38

-4.0

Question 39

What document will be used for each line item in Rom?

Answer 39

-Stock Record Card

Question 40

Who is responsible for disposing excess stock?

Answer 40

-Sales Officer

Question 41

The ship store program will obtain what type of Postal Stamps?

Answer 41

-Forever Stamps

Question 42

Forever Stamps will be sold in what Form?

Answer 42

-Booklet Form

Question 43

The Standard Markup for Department P-1 will be what percentage?

Answer 43

0%

Question 44

The reorder recommendations & breakout recommendation reports should be reviewed by whom monthly?

Answer 44

-Sales Officer

Question 45

Who will create a new stock department P-1 for postal stamps?

Answer 45

-Sales officer

Question 46

No more than how many day supplies of stamp books based on sales, until a sales history is established?

Answer 46

-30 day

Question 47

Ships will maintain a stamp book inventory equal to no more than what percentage of crew size?

Answer 47

-5%

Question 48

What personal is responsible to the sales officer for stamp inventory and sales conducted in the ship store?

Answer 48

-Ship store operator

Question 49

The dollar value of current emblematic inventory as reported on the emblematic inventory report should be reviewed by whom prior to procurement of additional emblematic inventory?

Answer 49

-Sales Officer

Question 50

If the ball cap is a command ball cap it should be marked up to what percent?

Answer 50

-6% (It falls under uniform)

Question 51

If the ball cap is emblematic it should be marked up to what percent?

Answer 51

-15%

Question 52

There are how many programs available in the Mediterranean?

Answer 52

-Two/NEX Stocked Merchandise/Direct to Ship program

Question 53

The retail price for postal stamps will be priced by whom?

Answer 53

-U.S. Postal Service