Question 1
Which of the following should be higher in P systems than Q?
◦ order size
◦ lead time
◦ demand
◦ order spacing
◦ safety Stock
Question 2
An advantage of the fixed-period inventory system is that
◦ no inventory records are required.
◦ safety stock will be lower than it would be under a fixed-quantity inventory system.
◦ orders usually are for smaller order quantities.
◦ the average inventory level is reduced.
◦ there is no physical count of inventory items when an item is withdrawn.