Understanding Stock Replenishment Methods for CIPS Procurement Exams

Generally-speaking, there are two types of stock replenishment method: the periodic review system (a time-based replenishment) and fixed order point system (a quantity-based system). Here, author and Cordie director Ian Thompson FCIPS explains the difference between these two generic types of stock replenishment, as well as how to determine the economic order quantity (EOQ). This is excellent revision material for your CIPS Level 4 Diploma in Procurement & Supply exams!

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