Question: A) What is consumption-based planning? B) How do the reorder point, reorder date, replenishment lead time, and the delivery date relate to consumption-based planning? Provide

A) What is consumption-based planning?

B) How do the reorder point, reorder date, replenishment lead time, and the delivery date relate to consumption-based planning? Provide a real or hypothetical example of how an organization would use the four concepts mentioned in with consumption-based planning. Ensure that you include numbers to illustrate your example.

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