Question

Difference between fixed order quantity and fixed time period

Answer 1

Hi frnd....
Here is ur answer....

The biggest difference between the fixed order quantity system and fixed time period system is in the timing and quantities of the orders placed....On the other hand ,a fixed period system could ensure that inventory levels are checked on a regular basis for all items.

hope it helps u.....

Answer 2

The biggest difference between the fixed-order quantity system and the fixed-time period systems is in the timing and quantities of the orders placed. With the fixed-order quantity system inventory is checked on a continual basis and the system is prepared to place orders multiple times per year on a random basis. 

In a fixed-order quantity system different items may reach reorder points at different times generating many orders at random intervals. On the other hand, a fixed-period system could ensure that inventory levels are checked on a regular basis for all items—say every two weeks. Then the orders for all the items could be bundled.