Question

in companies using fixed-order quantity inventory systems, a consistent inventory level is used as a trigger to order more product. this inventory level is called:

Answer 1

Reorder Point, The reorder point is the inventory level at which that particular stock of inventory needs to be replenished.

What is a desirable inventory turnover ratio?

A typical inventory turnover ratio for the majority of industries is between 5 and 10, which indicates that you should sell and restock your inventory every one to 2 months. With this ratio, a good balance is struck between keeping enough stock on hand and avoiding unnecessary reorders.

What levels of inventory control are there?

Maintaining the proper stock of each product by managing your inventory levels is known as inventory control. With efficient inventory control, your purchase orders can be monitored and a functional supply chain can be preserved. Systems that help with prediction and let you select ordering points can be set up.

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