A periodic review system is a system in which an item's inventory position is reviewed periodically rather than continuously.

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BlackTom AI · Accepted Answer

The question states: A periodic review system is a system in which an item's inventory position is reviewed periodically rather than continuously.

Option 1: True. This aligns with the standard definition of a periodic review (s-1) approach in inventory management, where stock levels are checked at fixed, regular intervals and decisions about order quantities are made at those times.

Option 2: False. If this were false, it would imply that a periodic review involves continuous monitoring of inventory position, which would be a mischaracterization. In a continuous or continuous-review system, inventory position is monitored all the time and replenishment is triggered whenever specific thresholds are reached, not just at fixed intervals.

Putting the pieces together, the core distinction is between periodic reviews (check at intervals) and continuous reviews (monitor continuously). The statement accurately describes a periodic review system, whereas treating it as continuous monitoring would be incorrect. Nonetheless, the main point is to assess the given statement in isolation; consider how the definitions contrast to avoid common misconceptions about inventory control paradigms.

MGS310001.2025FA Test 03: Chap 10,11

A periodic review system is a system in which an item's inventory position is reviewed periodically rather than continuously.

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MGS*3100*01.2025FA Test 03: Chap 10,11

A periodic review system is a system in which an item's inventory position is reviewed periodically rather than continuously.

查看解析

登录即可查看完整答案

类似问题

A famous fantasy writer has published a new novel. Bookstores expect that at least some customers will want the book, but whether it will become a best-seller is less certain. The bookstores’ primary inventory management challenge is deciding

A company that is able to keep enough parts available to manufacture its products without having too many left over is probably relying on a

Which one of the following statements is best?

A mom and pop gas station near a remote lake popular with anglers is more likely to use a periodic review system than a chain of department stores.

Eliminating the need for changeovers through increased repeatability of the work being done is one of the levers to reduce cycle inventory.

更多留学生实用工具

考试浏览器助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单

MGS310001.2025FA Test 03: Chap 10,11