reorder-cycle system
business
Also known as: cyclical-review system
Learn about this topic in these articles:
methods of inventory control
- In operations research: Inventory control
The reorder-cycle system, or cyclical-review system, consists of ordering at fixed regular intervals. Various combinations of these systems can be used in the construction of an inventory-control procedure. A pure two-bin system, for example, can be modified to require cyclical instead of continuous review of stock,…
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