railway RRB JE (CBT I + CBT II) Mock Test 2024 Industrial Engineering Production Planning and Inventory Control Inventory Control
For a company that uses a periodic inventory system, which of the following is true?
1
inventory is counted only at specific time intervals
2
the order is for a fixed quantity which minimizes inventory costs
3
the inventory system is also referred to as a perpetual inventory system
4
the company is using a fixed-order-quantity system