Examlex
Which of the following statements is true?
Cycle Inventory
The portion of inventory that is planned to be sold in a given cycle, as part of the regular pattern of ordering and selling goods.
Forward Buying
Purchasing inventory in larger quantities than immediately needed, often in anticipation of price increases or high demand periods.
Lot Size
The quantity of items that are produced, purchased, or moved in a single batch or order.
Cycle Inventory
Inventory that companies maintain to facilitate production in batches or cycles, as opposed to continuous production.
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