Two dimensions are of major importance to inventory management.They are:
A)the length of the total order cycle and its consistency.
B)the throughput volume and inventory management cost.
C)the economies of scale and economies of scope.
D)the cost and storage time.

Question

Quizplus · Accepted Answer

The length of the total order cycle refers to the time it takes for an order to be placed, received, processed, and delivered to the customer. Consistency refers to the regularity and predictability of this process. These two dimensions are important in inventory management because they determine the lead time, or the time it takes to replenish inventory. A longer order cycle or inconsistent cycle can lead to stockouts and excess inventory, both of which can negatively impact the bottom line.

Two Dimensions Are of Major Importance to Inventory Management