Select the description which most closely fits the term ORDER POINT:
A) the time it takes to replenish an item in inventory.
B) extra inventory of an item carried to protect against variations in demand during lead time
C) a listing of components required to manufacture a product
D) the time when an order should be placed
E) none of the above
Correct Answer:
Verified
Q11: Which of the following statements is best?
A)
Q12: Which of the following is the best
Q13: Management is willing to tolerate one stockout
Q14: Management states that they will tolerate one
Q15: When using the order point system which
Q17: The average demand for an item is
Q18: Which of the following statements is true
Q19: Given that the lead time is 1
Q20: If the standard deviation of demand is
Q21: An order system in which the order
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents