_____________ is the decision of when and how much to reorder and goes hand in hand with forecasting.

Question

Quizplus · Accepted Answer

Replenishment is the decision of when and how much to reorder based on the forecasts of expected demand. This decision is critical in maintaining optimal inventory levels and avoiding stockouts. Assortment and allocation refer to other aspects of inventory management, while consumption refers to the actual usage of inventory by customers.

_____________ Is the Decision of When and How Much to Reorder