The Net Quantity of an Item Available to Satisfy Future

question 1

Multiple Choice

The net quantity of an item available to satisfy future demand is referred to as

• A) reorder point (R).
• B) scheduled receipts (SR).
• C) inventory position (IP).
• D) item fill rate (IFR).

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Definitions:

Innate

Something that is present from birth, not learned or acquired through experience.

Distal Stimulus

The actual object or event out in the world that you perceive, existing independently of your perception of it.

Chemical

A chemical is any basic substance that is used or produced in any chemical process, characterized by having a specific set of properties and composition.

Empiricist

An empiricist is someone who believes that knowledge comes primarily from sensory experience and observation.