The GATE Grind

GATE 2022 ME (ME1) – Question 22

Production Planning and Control · Inventory control: deterministic models, safety stock, control systems · 1 mark · Multiple choice

Which one of the following is NOT a form of inventory?

  1. Raw materials
  2. Work-in-process materials
  3. Finished goods
  4. CNC Milling Machines

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Correct answer: (D) CNC Milling Machines

Explanation

Inventory consists of the materials held in the system: raw materials, work-in-process and finished goods. A CNC milling machine is a fixed asset used to produce them.