Multiple Choice
Which of the following is TRUE regarding the fixed-quantity ordering system?
A) Inventory is ordered at the end of a given period.
B) There is a prespecified target level T.
C) The same fixed amount is added to inventory every time an order for an item is placed.
D) There is no physical count of inventory items after an item is withdrawn.
E) It is suitable when vendors make routine visits to customers to take fresh orders.
Correct Answer:
Verified
Correct Answer:
Verified
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