Question: What is the difference between an order point system and a periodic review system? Provide an example of each system with a product to explain

What is the difference between an order point system and a periodic review system? Provide an example of each system with a product to explain how each one is used and why it is appropriate for the product.

Provide an example of each stock location system presented in Chapter 12(Group functionally related items together, Group fast-moving items together, Group physically similar items together, Group physically similar items together) and explain how each example represents the respective stock location system.

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