Economics · Inventory Management
The 'Re-order Level' for a stock item is a value that is primarily calculated based on which of the following factors?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The date when the item was first introduced into the inventory
- 2The total weight of the item in the warehouse
- 3The lead time from the supplier and the item's average usage rate✓
- 4The profit margin of the item when sold
Correct answer
The lead time from the supplier and the item's average usage rate
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