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Title: A fixed-period (FPS) inventory system: Post by: Ejaylcuk on Jan 30, 2018 A fixed-period (FPS) inventory system:
a. orders a fixed-period quantity when the inventory position reaches or drops below the reorder point (r). b. chooses a replenishment level (M) which includes the demand during the review period and lead time, plus any safety stock. c. maintains a constant order quantity every review period. d. assumes that the demand for an item is constant and continuous, and that the items are withdrawn at a constant rate. Title: A fixed-period (FPS) inventory system: Post by: Ha dhe224 on Jan 30, 2018 Content hidden
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