In the context of fixed-quantity systems,_____ is defined as the on-hand quantity (OH)plus any orders placed but which have not arrived minus any backorders (BO).
A) inventory position
B) the reorder point
C) a stock-keeping unit
D) work-in-process inventory

Question

Quizplus · Accepted Answer

Inventory position is calculated as the on-hand quantity plus any orders placed but not yet received, minus any backorders.

In the Context of Fixed-Quantity Systems,_____ Is Defined as the On-Hand