Certified Maintenance & Reliability Professional (CMRP) Practice Exam

Which performance measure assesses the volume of items received and issued in an MRO store?

1. MRO Inventory Value

2. Item transactions

3. Percentage of stockouts

4. Inventory shrinkage rate

The correct answer is: Item transactions

The measure that assesses the volume of items received and issued in a Maintenance, Repair, and Operations (MRO) store is item transactions. Item transactions track the movement of inventory including both incoming and outgoing quantities, providing valuable insights into stock management, turnover rates, and operational efficiency. This measure is critical for understanding the dynamics of the inventory flow within the store, encompassing all activities related to receivables (items received into inventory) and issuances (items removed from inventory for use). Effective monitoring of item transactions helps in identifying trends, ensuring adequate stock levels, and optimizing inventory management practices. MRO inventory value focuses on the monetary worth of the inventory on hand rather than the number of items involved in transactions. The percentage of stockouts measures how frequently items are out of stock, which relates more to inventory adequacy than transaction volume. The inventory shrinkage rate refers to loss of inventory due to theft, damage, or other factors, not the assessment of received and issued items. Thus, item transactions is specifically designed to evaluate the flow of items in and out of the MRO store.