Question

Fixed quantity systems are also termed as _____________________ systems of inventory control.

• A. Q
• B. P
• C. QV
• D. PQ

Answer 1

Answer:

A. Q

Fixed quantity systems are also known as Q-systems, where the reorder level is fixed and a prescribed quantity is ordered once the inventory reaches that level. The size of the order is fixed, but the time of order is variable. This is one of the two ways to review inventory in inventory management systems, the other being the periodic review system or P- system.