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takemeaway takemeaway
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7 years ago
An inventory system answers two important questions: when to order and how much to order. Which of the following statements correctly explains how a Q system (continuous review system) or a P system (periodic review system) answers these questions?
A) Under a P system, a fixed quantity Q is ordered when the inventory position reaches the reorder point R.
B) Under a P system, an order is placed to replenish the inventory position up to the target level T every P time periods.
C) Under a Q system, an order is placed to replenish the inventory position up to the target level T when the inventory position reaches the reorder point R.
D) Under a Q system, a fixed quantity is ordered every P time period.
Textbook 
Operations Management: Processes and Supply Chains

Operations Management: Processes and Supply Chains


Edition: 11th
Authors:
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DreaminDreamin
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7 years ago
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takemeaway Author
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#2
7 years ago
Another one bites the dust!

Thanks for you help
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#3
7 years ago
Appreciate the feedback Smiling Face with Open Mouth
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