Inventory planning and control Question: Download Questions PDF
What does periodic review mean?
Answer:
☛ Ordering inventory at a predetermined re-order level
☛ Ordering inventory when it falls below the designated safety stock level
☛ Ordering inventory in consultation with suppliers relative to their available capacity
☛ Ordering inventory to supplier call-offs on an as required basis
☛ Ordering inventory at a fixed and regular time interval
☛ Ordering inventory when it falls below the designated safety stock level
☛ Ordering inventory in consultation with suppliers relative to their available capacity
☛ Ordering inventory to supplier call-offs on an as required basis
☛ Ordering inventory at a fixed and regular time interval
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