Examlex
The same bottom-feeding fish known as bullheads in Minnesota are called catfish in Ohio. This language phenomenon is classified as
Fixed Quantity Systems
Inventory control systems where a fixed amount of inventory is reordered when stock levels reach a certain point.
Fixed Period Systems
An inventory management strategy where orders are placed at fixed intervals, regardless of the current stock level.
Perpetual Inventory System
A system that keeps track of each withdrawal or addition to inventory continuously, so records are always current.
Buffer Stock
An inventory reserve kept on hand to protect against variability in demand or supply.
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