Which ordering system has inventory continuously monitored and replenishment stock is ordered when at-hand stock falls to established fixed quantities.
A) Fixed order quantity system
B) Fixed order interval system
C) Re-order point system
D) Safety order system

Question

Quizplus · Accepted Answer

The fixed order quantity system continuously monitors inventory levels and places an order for a predetermined quantity when the inventory level falls to a specific reorder point.

Which Ordering System Has Inventory Continuously Monitored and Replenishment Stock