A two bin system is an example of a:
A)(R,M) policy.
B)(R,Q) policy.
C)(T,M) policy.
D)(T,R,M) policy.

Question

Quizplus · Accepted Answer

A two bin system is an inventory management system that utilizes two bins of inventory. When one bin is empty, it signals a reorder of that bin while the second bin is being used. This is an example of the (R,Q) policy, where the reorder point (R) is the inventory level at which a new order is placed and the order quantity (Q) is the amount that is ordered.

A Two Bin System Is an Example of A