Which of the following statement is not true in regards to periodic review system?
A) Periodic review system is also referred to as fixed interval, variable quantity system.
B) The order quantity could potentially be different for each order.
C) Just like in the ROP model, there is a need to satisfy demand during the replenishment lead-time.
D) The demand during the order interval and the demand during the replenishment lead-time are certain.
E) The inventory ordered in this system must satisfy demand during the order interval
Correct Answer:
Verified
Q17: Which of the following statements is true
Q18: The primary difference between the basic EOQ
Q19: The purpose of safety stock in a
Q20: If the order quantity is fixed, and
Q21: On average, the safety stock in a
Q23: In a fixed interval inventory system, the
Q24: Inventory "in transit" is often referred to
Q25: Which of the following is not an
Q26: Which of the following is not part
Q27: Which of the following statements is consistent
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