In a computerized system that uses an economic order quantity (EOQ)model and the perpetual inventory method,who determines when to reorder inventory?
A) the inventory control clerk
B) the purchasing department
C) the vendor
D) the computer system

Question

Quizplus · Accepted Answer

In a computerized system that uses an EOQ model and perpetual inventory method, the computer system determines when to reorder inventory based on predetermined parameters such as lead time, reorder point, and economic order quantity. Thus, the answer is D, the computer system.

In a Computerized System That Uses an Economic Order Quantity