Periodic review means:
A) Ordering inventory to supplier call-offs on an as required basis
B) Ordering inventory at a fixed and regular time interval
C) Ordering inventory in consultation with suppliers relative to their available capacity
D) Ordering inventory when it falls below the designated safety stock level
E) Ordering inventory at a predetermined re-order level

Question

Quizplus · Accepted Answer

Periodic review involves ordering inventory at fixed and regular time intervals, regardless of the inventory level at the time of review. This approach contrasts with systems that order based on inventory falling below a certain level or reaching a reorder point.

Periodic Review Means