A Difference Between Periodic Review and Continuous Review Inventory Systems

question 46

Multiple Choice

A difference between periodic review and continuous review inventory systems is:

• A)Periodic review is more expensive than continuous review
• B)Continuous review usually required more safety stock than periodic review
• C)In one system, time triggers orders, in the other, quantity triggers orders
• D)Periodic review requires real-time monitoring systems

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Definitions:

Health Status

Describes the state of physical, mental, and social well-being of an individual at a particular time.

Adaptive Value

The extent to which a particular trait or behavior increases the survival and reproductive success of an organism within a specific environment.

Parenthood

The state or experience of being a parent; involves raising and caring for one's offspring, and encompasses both the biological and emotional aspects.

Subjective Feelings

Personal experiences of emotions or sensations that are influenced by an individual's own perspectives, beliefs, or mental states.