Question

question 11 (2.5 points) retake question

which of the following systems allows pharmacists to review drug use monthly, and shows when it is time to reorder materials?

eoq systems
reorder point systems
perpetual inventory systems
min/max systems

Explanation:

Define the system requirements

The question asks for an inventory system that:

1. Allows pharmacists to review drug use monthly.
2. Shows when it is time to reorder materials.

Analyze the options

Using the Inventory Control Systems knowledge point:

• EOQ (Economic Order Quantity) systems: Focuses on calculating the optimal order quantity to minimize total inventory costs (ordering and holding costs).
• Reorder point systems: Tracks inventory levels continuously or periodically and triggers a reorder when stock falls to a predetermined level.
• Perpetual inventory systems:

Using the Perpetual Inventory System knowledge point

• Min/max systems: A periodic review system where inventory is reviewed at set intervals (such as monthly). If the stock level of an item is at or below the minimum level, an order is placed to bring the stock back up to the maximum level. This fits the criteria of monthly review and indicating when to reorder.

Confirm the correct system

A min/max system is a classic periodic inventory control method where stock is reviewed at regular intervals (e.g., monthly) to determine if it has reached the minimum threshold, triggering a reorder up to the maximum capacity.

Answer:

• EOQ systems
• Reorder point systems
• Perpetual inventory systems
• Min/max systems (Correct answer)