All of the Following Are Possible Reasons for Using the Fixed-Order-Interval

question 87

Multiple Choice

All of the following are possible reasons for using the fixed-order-interval model except

• A)supplier policy encourages use.
• B)grouping orders can save in shipping costs.
• C)the required safety stock is lower than with an EOQ/ROP model.
• D)it is suited to periodic checks of inventory levels rather than continuous monitoring.
• E)continuous monitoring is not practical.

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Definitions:

Traditional Principles

Basic tenets or rules that have been established over time, guiding actions and beliefs in various contexts.

Promotional Programs

Marketing strategies designed to inform, persuade, or remind target audiences about a product or service to increase awareness or sales.

Delegate Authority

The process of assigning decision-making power and responsibilities from a higher-ranking official to a subordinate or group.

Intern Responsibility

Refers to the duties and tasks assigned to an intern within an organization, aimed at providing them with practical experience in their field of study.