Match the items of List I with the items of List II and choose the correct answer from the code given below.
|
List – I |
List – II |
||
|
a |
Cycle stock |
i |
Hedge against the possibility of stockout |
|
b |
Transit stock |
ii |
Stock to meet inventory cycle |
|
c |
Buffer stock |
iii |
Stock moved between various elements of supply chain |
|
d |
Safety stock |
iv |
Extra stock to meet fluctuations in demand |
1
(a) - (ii), (b) - (iii), (c) - (i), (d) - (iv)
2
(a) - (ii), (b) - (iii), (c) - (iv), (d) - (i)
3
(a) - (iii), (b) - (ii), (c) - (i), (d) - (iv)
4
(a) - (iv), (b) - (iii), (c) - (i), (d) - (ii)