Fixed-order quantity systems assume a random depletion of inventory, with less than an immediate order when a reorder point is reached.

Name: Fixed-order quantity systems assume a random depletion of inventory, with less than an immediate order when a reorder point is reached.
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Fixed-order quantity systems trigger an immediate order, not a delayed one, when inventory reaches a predetermined reorder point, assuming a constant and known quantity to be reordered.

Fixed-Order Quantity Systems Assume a Random Depletion of Inventory, with Less