If the order up to level in a periodic review system is 1500 and on hand inventory at the time of the periodic review (when an order is placed) is 300, what is the order quantity?
e.Cannot determine since we need information on review period length
As per the given data,
The order upto level = Sr = 1500
The inventory at the time of review = Ir = 300
So, the order quantity = Sr-Ir = 1500-300 = 1200 units
So, the answer