The net quantity of an item available to satisfy future demand is referred to as
A) reorder point (R).
B) inventory position (IP).
C) scheduled receipts (SR).
D) item fill rate (IFR).

Question

Quizplus · Accepted Answer

Inventory position (IP) refers to the net quantity of an item available to satisfy future demand, accounting for on-hand inventory, scheduled receipts, and backorders.

The Net Quantity of an Item Available to Satisfy Future