Which of the Following Inventory Systems Forces a Review of the Inventory

question 76

Multiple Choice

Which of the following inventory systems forces a review of the inventory Level at a fixed frequency (such as weekly) and orders replacement supply if the Level has dropped below some amount?

• A)ABC analysis
• B)Optional replenishment system
• C)Fixed-order quantity
• D)Two-bin system
• E)Fixed time period

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Definitions:

First Stage

The initial phase in a process or sequence of events, often setting the groundwork or foundation for subsequent stages.

Investigation Stage

The preliminary phase in a project or process where information is gathered and analyzed to understand a problem or situation better before making decisions.

Phased Conversion

Implementation process that introduces components of the new system in stages, until the entire new system is operational.

System Stages

The phases or steps in the lifecycle of a system, including conception, development, deployment, operation, and decommissioning.