Describe the difference between a fixed-quantity and a fixed-period inventory system?
What will be an ideal response?
In a fixed-quantity inventory system, when the quantity on hand reaches the reorder point, an order is placed for the specified quantity. In a fixed-period inventory system, an order is placed at the end of the review period. The quantity ordered is that needed to bring inventory up to a specified level.
Business
You might also like to view...
The majority of all Web traffic begins at a(n):
A) company's front page B) individuals e-mail site C) neutral site D) search engine
Business
Computer assisted personal interviews tend to be the most expensive mode of data collection per completed response
Indicate whether the statement is true or false
Business