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 and explain how each example represents the respective stock location system.
  • Discuss the differences between consignment inventory and vendor-managed inventory (VMI)

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