Asked by
mohsin hamed
on Nov 30, 2024
Verified
Continuous review policies for inventory replenishment require safety inventory to cover demand during
A) lead time only.
B) the review interval only.
C) both lead time and the review interval.
D) neither lead time or the review interval.
Continuous Review Policies
Inventory management strategies that monitor inventory levels continuously to decide when to reorder.
Safety Inventory
Additional stock kept in reserve to protect against variability in demand or supply chain disruptions.
Review Interval
The scheduled time between evaluations or assessments of a particular process, inventory level, or system performance.
- Identify and explain the differences between continuous and periodic review policies for inventory replenishment.
Verified Answer
SF
Learning Objectives
- Identify and explain the differences between continuous and periodic review policies for inventory replenishment.