IBM Maximo EAM Quiz 3 – Inventory Module

Following questions are related to Inventory Module of IBM Maximo Enterprise Asset Management. They may help in the 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 the 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 an 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 cannot be rotating
   • B – Item kits cannot be lotted
   • C – Item kits can be rotating
   • D – Item kits cannot 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/Services 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