In a simple inventory system, the inventory is reviewed periodically everyday, t
ID: 3680983 • Letter: I
Question
In a simple inventory system, the inventory is reviewed periodically everyday, the minimum inventory level is 500 items, and the maximum inventory level is 800 items. At the end of the day, the inventory level becomes 450. How much items should be ordered? In a simple inventory system, the inventory is reviewed periodically everyday, the minimum inventory level is 500 items, and the maximum inventory level is 800 items. At the end of the day, the inventory level becomes 450. How much items should be ordered?Explanation / Answer
Inventory minimum level is 500 item.
Inventory maximum level is 800 item.
At the end of the day, inventory level is 450.
So for maintaining the minimum inventory we can order minimum 50 items.
or you order item in the range of 50 items to 350 items