The lot size key specifies the
A)Optimum lot size for a group of materials.
B)Recommended lot size for a material.
C)Procedure used to determine the capacity of a storage area.
D)Lot size groups per each material type.
E)Procedure that is used to determine the lot size.

Question

Quizplus · Accepted Answer

The lot size key is a parameter in material planning and inventory management systems that specifies the procedure used to calculate or determine the lot size for ordering or producing materials. This procedure can involve various methods such as fixed lot size, reorder point, or periodic order quantity, among others.

The Lot Size Key Specifies the