IBM Maximo EAM Quiz 3 – Inventory Module

Following questions are related to Inventory Module of IBM Maximo Enterprise Asset Management. They may help in preparation of certification test number 000-015 i.e. IBM Maximo Enterprise Management v7.1 Implementation.

Choose one of the following options and leave your answers in a comment below:

  1. Conversions can be defined in IBM Maximo to convert one measure unit to another. Choose correct one from following.
    • A – Conversions can be defined specific to a Site
    • B – Conversions can be defined specific to a Location
    • C – Conversions can be defined specific to a Item Set
    • D – Conversions can be defined specific to a Item
  2. Which of the following can not be configured as issue cost in Maximo
    • A – Average Cost
    • B – Last Cost
    • C – Standard Cost
    • D – Asset Cost in case of non-capitalized asset
  3. If Item A is added as alternate item for Item B, Item B will automatically appear as an alternate for Item A.
    • A – True
    • B – False
  4. Which of the following is not correct:
    • A – Item kits can not be rotating
    • B – Item kits can not be lotted
    • C – Item kits can be rotating
    • D – Item kits can not be condition enabled
  5. The default status for a new Item Master record is:
    • A – Inactive
    • B – Pending
    • C – Waiting on Approval
  6. Which of the following is true about Planning status on Item Master records:
    • A – Planning is not a valid status
    • B – Planning items are not completely specified yet, hence, can’t be used on any document.
    • C – Planning items can be used on PR, PO and work order plan. But they can not be received or invoiced.
  7. You can reorder a service item by using the Reorder Direct Issue Items/Servics action available from the Select Action menu.
    • A – True
    • B – False
  8. Choose the correct statement about service inspection:
    • A – Inspection is required for service items
    • B – Inspection is not required for service items
    • C – Maximo can be configured either way
  9. Choose the correct one:
    • A – Tools can be capitalized or non-capitalized
    • B – All tools are non-capitalized
    • C – All tools are capitalized
  10. For categorization of inventory, Maximo uses:
    • A – High Volume Analysis
    • B – Max Cost Analysis
    • C – ABC Analysis
  11. Reorder point calculation is based on:
    • A – Min level, Max level and Average Cost
    • B – Safety Stock, Lead Time and Economic Order Quantity
    • C – Min level, Max level and Last Cost
  12. When returning an item, if you cannot find a prior issue transaction for it, you may return it by creating an issue transaction of type RETURN.
    • A – True
    • B – False
  13. Choose the correct one:
    • A – Holding location is used to transfer item across sites
    • B – Labor location is used to transfer item across sites
    • C – Courier location is used to transfer item across sites
  14. Use in PO/PR? field specifies whether this storeroom can be used to supply and reserve inventory items and tools for use with internal purchase requisitions and internal purchase orders.
    • True
    • False
  15. Cost Adjustment account is used when item quantity is adjusted manually.
    • True
    • False

8 thoughts on “IBM Maximo EAM Quiz 3 – Inventory Module

  1. 1:◦D – Conversions can be defined specific to a Item (With the Help of Mr. Shafqaat)
    2: ◦B – Last Cost (With the Help of Mr. Shafqaat)
    3:◦◦B – False
    4:◦C – Item kits can be rotating
    5: With Me Its Showing ACTIVE:D
    6: ◦C – Planning items can be used on PR, PO and work order plan. But they can not be received or invoiced.
    7:◦A – True
    8:◦C – Maximo can be configured either way
    9:◦A – Tools can be capitalized or non-capitalized
    10:◦C – ABC Analysis
    11:◦C – Min level, Max level and Last Cost
    12:◦A – True
    13:◦C – Courier location is used to transfer item across sites
    14:◦True
    15:◦True

    Kindly provide correct ANS….

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