Question: a. Describe the differences between the Fixed-Order Quantity System and the Fixed Period System for managing inventory. [4 Marks] b. Discuss the pros and cons

a. Describe the differences between the

a. Describe the differences between the Fixed-Order Quantity System and the Fixed Period System for managing inventory. [4 Marks] b. Discuss the pros and cons of each system. [4 Marks] C. As a manager, which approach would you prefer, and why? [2 marks]

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