Describe the two types of ordering policies and the impact that each of them has on safety inventory.
Answers
Answered by
0
Answer:
"Answer – There are two types of ordering policies – continuous review policy and periodic review policy. Continuous review policy – As the name suggests, in this kind of policy the inventory is checked continuously but the time of order is not fixed.
Periodic review policy – This policy requires the manager to keep track of the inventory periodically, but the time of order is fixed.
"
Explanation:
Similar questions