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Business, 30.07.2021 03:00 reich9357

Define cycle counting. Multiple choice question. It is a process where each item in inventory is physically counted on a routine schedule. It is a model used to determine the order size for a one-time purchase. It specifies the amount of risk of incurring a stockout that a firm is willing to incur. It is a method of estimating the impact of changing the number of locations on the quantity of inventory held.

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