Question

Q98. The time period between two successive orders is called
O (A) Order cycle
(B) Reorder level
(C) Lead time
(D) Safety stock​

Answer 1

Order cycle: The time period between two successive orders is called order cycle

Answer 2

Answer:

Order Cycle refers to the time interval between two consecutive orders.  Therefore A is the correct answer    

Explanation:    

An order cycle is the amount of time between when an order is placed and when the next order after it is placed.  Order cycles contain cycle actions, or processing steps, such as Enter, Pick Release, or Ship Confirm

The reorder level formula is the inventory level at which an entity should issue a purchase order to replenish the amount on hand. When calculated correctly, the reorder level should result in replenishment inventory arriving just as the existing inventory quantity has declined to zero

Lead time is the amount of time that passes from the start of a process until its conclusion.

Safety stock is an extra quantity of a product which is stored in the warehouse to prevent an out-of-stock situation. It serves as insurance against fluctuations in demand.