The ROP (reorder point) model is also known as the continuous review system, and it is used to determine when to place orders.
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Q37: The maximum point of the total inventory
Q38: The traditional EOQ model assumes known and
Q39: The availability of substitute products lowers the
Q40: High stock-out costs relative to holding costs
Q41: The ROP approach works best for A
Q43: The periodic review model works best for
Q44: The just-in-time (JIT) philosophy calls for placing
Q45: Inventory models have to be consistent with
Q46: JIT run supply lines are especially vulnerable
Q47: Technologies such as RFID (radio frequency identification
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