Which of the Metrics Below Represents the Frequency of Inventory

question 266

Multiple Choice

Which of the metrics below represents the frequency of inventory replacement?

• A)back order
• B)inventory cycle time
• C)customer order cycle time
• D)inventory turnover

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Definitions:

Manipulates Factors

The process of deliberately altering variables in an experiment to determine their effect on a desired outcome.

Mental Process

The internal operations of the mind that include thinking, feeling, and decision-making.

Self-Correcting Process

A mechanism or system that is designed to identify and correct errors or deviations from a desired state or norm automatically.

Manipulates Factors

To control or alter variables or components in an experimental setting to determine their effects on an outcome.