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Supply Chain Glossary - P

Supply Chain Glossary - P

periodic review system also fixed reorder cycle inventory model

Syn: fixed reorder cycle inventory model.

A lot-sizing technique under which the lot size is equal to the net requirements for a given number of periods, e.g., weeks into the future. The number of periods to order is variable, each order size equalizing the holding costs and the ordering costs for the interval. See: discrete order quantity, dynamic lot sizing.


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