Asked by lauren delancellotti on May 07, 2024
Verified
Cycle inventory is the physical inventory in the supply chain due to either production or purchases demanded by the customer.
Cycle Inventory
The average amount of inventory kept on hand to meet normal demand between the receipt of inventory deliveries.
Physical Inventory
The process of counting and verifying actual merchandise or stock in a business, usually for accounting accuracy and inventory management.
- Acquire an understanding of cycle inventory and its criticality in exploiting economies of scale to reduce costs.
Verified Answer
AA
alina ambarianiMay 13, 2024
Final Answer :
True
Explanation :
Cycle inventory is the inventory held in anticipation of customer demand, which can result from either production cycles or purchasing cycles.
Learning Objectives
- Acquire an understanding of cycle inventory and its criticality in exploiting economies of scale to reduce costs.