In a periodic review (P) inventory system, the lot size ordered may change from one order to the next but the time between orders is fixed.

Name: In a periodic review (P) inventory system, the lot size ordered may change from one order to the next but the time between orders is fixed.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In a periodic review inventory system, orders are placed at regular, fixed intervals, but the quantity ordered can vary depending on the inventory level and demand forecasts at the time of review.

In a Periodic Review (P) Inventory System, the Lot Size