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Inventory Management

5 minutes 5 Questions

Inventory Management in the context of network management refers to the effective tracking, organization, and control of network components, including devices, licenses, and software. Proper inventory management ensures that network administrators have accurate information about the components in t…

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CompTIA Network+ - Inventory Management Example Questions

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Question 1

A network administrator is tasked with identifying the most cost-effective method of keeping track of networking equipment as the company scales. How should the administrator weigh the pros and cons of on-premise vs. cloud-based inventory management?

Correct Answer: Compare features, scalability, and security requirements to total costs

The best answer is 'Compare features, scalability, and security requirements to total costs'. This approach ensures that the method chosen fits not only the financial constraints but also the functional requirements of the company as it scales. Merely choosing a solution based on brand reputation or finding a solution online gives no guarantee that it will meet the specific needs of the company. While these methods might lead to a broadly decent solution, they won't necessarily result in the most cost-effective choice. Flipping a coin is not a valid method of decision making in a professional environment because it totally disregards the critical factors of features, scalability, and security requirements.

Question 2

A company has recently noticed that some of their networking equipment is missing. The IT manager decides to implement a strict inventory management policy but wants to determine the best option. Which of the following would be the most effective inventory management system?

Correct Answer: Centralized Asset Management System

The most effective inventory management system option would be a 'Centralized Asset Management System'. This type of system enables efficient tracking, management, and reporting of all the company's assets in real-time, ensuring nothing goes missing. Unlike 'Individual Spreadsheets maintained by each department', it minimizes the risk of human error and inconsistencies across departments because all information is centrally managed. It's more reliable and scalable than a 'Paper-based Checklist System' that can be time-consuming, easy to misplace, and challenging to track in a large organization. Lastly, an 'Informal Verbal Communication System' lacks the structure and documentation needed for inventory management and doesn't allow for tracking losses or providing proof of asset existence in case of audits.

Question 3

In a growing IT company, the network administrator is tasked with maintaining an up-to-date inventory of networking devices. The inventory management system in place is inefficient. Which of the following features would most enhance the current system?

Correct Answer: Automated Asset Discovery

In the context of a growing IT company, maintaining an up-to-date inventory of networking devices is crucial. The most beneficial addition to improve the current system would be the feature of 'Automated Asset Discovery'. This feature is capable of automatically detecting and tracking all the network devices present in the system, thus allowing for faster and more accurate inventory management, especially when the company is scaling up. This would greatly enhance efficiency and reduce manual labor. On the other hand, 'Manual updates with an annual audit', 'Color-coded labels for each device type' and 'An email system for reporting changes' are possible enhancements, but they would still require significant manual intervention and may not be as efficient or effective in a rapidly growing company scenario.

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