Inventory control
- Created by: s.tread
- Created on: 24-06-19 09:54
Other questions in this quiz
2. Re-order level formula
- buffer inventory - lead time
- lead time - re-order quantity
- Re-order quantity + minimum inventory level
- Re-order quantity + maximum inventory level
3. what is lead time?
- amount of time between an order being placed and the goods being received.
- Time
- amount of time between order being received and running out.
- The time they have too meet
4. Re-order quantity
- that amount they plan to order
- amount of inventory that is ordered
- that amount that is returned
- what they already have when they plan to order
5. Buffer inventory
- the amount of inventory they have.
- lowest amount of inventory that a business plans to hold
- highest amount of inventory that a business plans to hold
- what they plan to get
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