Tell me what is an order point in inventory?
Submitted by: AdministratorAn order point is a point in time at which a order is placed to replenish goods in inventory.
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Read Online Inventory planning and control Job Interview Questions And Answers
Top Inventory planning and control Questions
| ☺ | How would you respond to the criticism that eoq models tend to provide misleading results because values of d, s and h are at the best educated guesses? |
| ☺ | The EOQ formula has been criticized in a number of areas. Which of the following is not an area of common criticism? |
| ☺ | Buffer inventory is required as? |
| ☺ | Order-point or re-order-level inventory control is used for which of the following? |
| ☺ | Under the ABC system of inventory priorities a Class A item is? |
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