Inventory planning and control Question: Download Inventory planning and control PDF
Tell me about the kinds of reordering systems that can be used in inventory control?
Answer:
There are several types of reordering systems, in this module we discussed three. The fixed order quantity uses fixed quantities of goods ordered at various order points to replenish inventory. The fixed order period use fixed times of reorder with various order quantities to replenish inventory to preset levels. The final system, just in time uses a constant flow of goods to match the level of demand.
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