Distinguish between a continuous review model and a periodic review model, and recommend the most appropriate replenishment system for Masodi Organics. Note: you are required to provide a paraphrased comparison of the review modules with an application point for each before providing a justified recommendation. Q.1.2 Explain the four types of inventory purchases that goods at Masodi Organics can be divided. Note: you are required to provide a paraphrased overview of each type of inventory purchase before providing a practical example for each.
Adapted from Source: Fairlady. 2021. Masodi Organics. [Online]. Available at:
https://www.pressreader.com/south-africa/fairlady/20211101/282041920317048 [Accessed 11 September 2023].
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Question 1 |
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Q.1.1 |
Distinguish between a continuous review model and a periodic review model, and recommend the most appropriate replenishment system for Masodi Organics.
Note: you are required to provide a paraphrased comparison of the review modules with an application point for each before providing a justified recommendation. |
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Q.1.2 |
Explain the four types of inventory purchases that goods at Masodi Organics can be divided.
Note: you are required to provide a paraphrased overview of each type of inventory purchase before providing a practical example for each. |
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